Kalyani Steel Q4 net profit zooms 230.01% at Rs 75.87 cr
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The company reported standalone net profit of Rs 75.87 crore for the quarter ended March 31, 2021 as compared to Rs 22.99 crore in the same period last year, registering a year-on-year growth of 230.01 per cent. Net revenue of the company rose substantially by 38.80 per cent at Rs 377.19 crore in January-March quarter of this fiscal as against Rs 271.75 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 17.43 per cent to Rs 273.36 crore from Rs 232.79 crore in year ago period. Other Income grew by 57.33 per cent at Rs 11.91 crore versus (Mar'20 Rs 7.57 crore).
Operating Profit surged by 166.57 per cent to Rs 103.83 crore as against Rs 38.95 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 92.11 per cent in March quarter. Interest grew by 59.67 per cent y-o-y to Rs 2.89 crore, while Taxation increased by 152.90 per cent at Rs 26.15 crore (Mar'20 Rs 10.34 crore).
