Lakshmi Machines Q4 net profit zooms 260.83% at Rs 25.33 cr
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The company reported standalone net profit of Rs 25.33 crore for the quarter ended March 31, 2021 as compared to Rs 7.02 crore in the same period last year, registering a year-on-year growth of 260.83 per cent. Net revenue of the company rose substantially by 69.52 per cent at Rs 663.12 crore in January-March quarter of this fiscal as against Rs 391.17 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 57.43 per cent to Rs 620.00 crore from Rs 393.82 crore in year ago period. Other Income dipped by 11.73 per cent at Rs 22.96 crore versus (Mar'20 Rs 26.01 crore).
Operating Profit surged by 1727.17 per cent to Rs 43.12 crore as against Rs -2.65 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1055.88 per cent in March quarter. Interest declined by 44.44 per cent y-o-y to Rs 0.05 crore, while Taxation increased by 318.87 per cent at Rs 15.54 crore (Mar'20 Rs 3.71 crore).
