MOIL Q4 net profit up 12.95% at Rs 131.07 cr
The company reported standalone net profit of Rs 131.07 crore for the quarter ended March 31, 2022 as compared to Rs 116.04 crore in the same period last year, registering a year-on-year growth of 12.95 per cent. Net revenue of the company rose marginally by 3.94 per cent at Rs 467.89 crore in January-March quarter of this fiscal as against Rs 450.14 crore in the corresponding period last year. During January-March quarter, operating expenses dropped by 13.70 per cent to Rs 253.93 crore from Rs 294.25 crore in year ago period.
Other Income dipped by 73.93 per cent at Rs 8.19 crore versus (Mar'21 Rs 31.42 crore). Operating Profit surged by 37.25 per cent to Rs 213.96 crore as against Rs 155.89 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 32.05 per cent in March quarter. Interest grew by 0.00 per cent y-o-y to Rs 0.74 crore, while Taxation increased by 58.74 per cent at Rs 68.78 crore (Mar'21 Rs 43.33 crore).