KSB Q1 net profit zooms 174.19% at Rs 42.50 cr
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The company reported standalone net profit of Rs 42.50 crore for the quarter ended March 31, 2021 as compared to Rs 15.50 crore in the same period last year, registering a year-on-year growth of 174.19 per cent. Net revenue of the company rose substantially by 48.48 per cent at Rs 381.60 crore in January-March quarter of this fiscal as against Rs 257.00 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 33.72 per cent to Rs 319.60 crore from Rs 239.00 crore in year ago period. Other Income dipped by 43.75 per cent at Rs 7.20 crore versus (Mar'20 Rs 12.80 crore).
Operating Profit surged by 244.44 per cent to Rs 62.00 crore as against Rs 18.00 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 132.14 per cent in March quarter. Interest grew by 12.50 per cent y-o-y to Rs 0.90 crore, while Taxation increased by 226.09 per cent at Rs 15.00 crore (Mar'20 Rs 4.60 crore).
