LG Balakrishnan&Bros Q3 net profit jumps 60.47% at Rs 54.08 cr
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The company reported standalone net profit of Rs 54.08 crore for the quarter ended December 31, 2020 as compared to Rs 33.70 crore in the same period last year, registering a year-on-year growth of 60.47 per cent.
Net revenue of the company rose substantially by 23.45 per cent at Rs 471.16 crore in October-December quarter of this fiscal as against Rs 381.67 crore in the corresponding period last year. During October-December quarter, operating expenses increased by 16.06 per cent to Rs 381.18 crore from Rs 328.42 crore in year ago period.
Other Income grew by 291.67 per cent at Rs 1.88 crore versus (Dec'19 Rs 0.48 crore). Operating Profit surged by 68.94 per cent to Rs 89.98 crore as against Rs 53.26 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 36.92 per cent in December quarter. Interest declined by 34.13 per cent y-o-y to Rs 2.20 crore, while Taxation increased by 77.59 per cent at Rs 16.09 crore (Dec'19 Rs 9.06 crore).
