Karda Constructions Q4 net profit zooms 596.15% at Rs 12.67 cr
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The company reported standalone net profit of Rs 12.67 crore for the quarter ended March 31, 2021 as compared to Rs 1.82 crore in the same period last year, registering a year-on-year growth of 596.15 per cent. Net revenue of the company rose substantially by 63.81 per cent at Rs 45.08 crore in January-March quarter of this fiscal as against Rs 27.52 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 15.22 per cent to Rs 25.36 crore from Rs 22.01 crore in year ago period. Other Income grew by 261.64 per cent at Rs 2.64 crore versus (Mar'20 Rs 0.73 crore).
Operating Profit surged by 257.89 per cent to Rs 19.72 crore as against Rs 5.51 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 118.42 per cent in March quarter. Interest grew by 13.54 per cent y-o-y to Rs 4.36 crore, while Taxation increased by 846.43 per cent at Rs 5.30 crore (Mar'20 Rs 0.56 crore).
