Lux Industries Q4 net profit zooms 202.06% at Rs 92.28 cr
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The company reported standalone net profit of Rs 92.28 crore for the quarter ended March 31, 2021 as compared to Rs 30.55 crore in the same period last year, registering a year-on-year growth of 202.06 per cent. Net revenue of the company rose triple digit by 107.25 per cent at Rs 591.30 crore in January-March quarter of this fiscal as against Rs 285.31 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 96.12 per cent to Rs 467.54 crore from Rs 238.39 crore in year ago period. Other Income grew by 2366.67 per cent at Rs 5.18 crore versus (Mar'20 Rs 0.21 crore).
Operating Profit surged by 161.12 per cent to Rs 124.84 crore as against Rs 47.81 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 25.95 per cent in March quarter. Interest declined by 31.42 per cent y-o-y to Rs 2.03 crore, while Taxation increased by 177.83 per cent at Rs 30.95 crore (Mar'20 Rs 11.14 crore).
