MTAR Technologies Q4 net profit up 9.99% at Rs 19.81 cr
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
The company reported standalone net profit of Rs 19.81 crore for the quarter ended March 31, 2022 as compared to Rs 18.01 crore in the same period last year, registering a year-on-year growth of 9.99 per cent. Net revenue of the company rose substantially by 42.54 per cent at Rs 98.58 crore in January-March quarter of this fiscal as against Rs 69.16 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 81.25 per cent to Rs 70.87 crore from Rs 39.10 crore in year ago period.
Other Income grew by 313.56 per cent at Rs 2.44 crore versus (Mar'21 Rs 0.59 crore). Operating Profit slipped by 7.85 per cent to Rs 27.71 crore as against Rs 30.07 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 35.33 per cent in March quarter. Interest grew by 18.43 per cent y-o-y to Rs 2.57 crore, while Taxation decreased by 44.40 per cent at Rs 4.02 crore (Mar'21 Rs 7.23 crore).
