Madhya Bharat Agro Q4 net profit zooms 564.66% at Rs 16.55 cr
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The company reported standalone net profit of Rs 16.55 crore for the quarter ended March 31, 2022 as compared to Rs 2.49 crore in the same period last year, registering a year-on-year growth of 564.66 per cent. Net revenue of the company rose triple digit by 194.09 per cent at Rs 145.87 crore in January-March quarter of this fiscal as against Rs 49.60 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 161.32 per cent to Rs 112.08 crore from Rs 42.89 crore in year ago period.
Other Income dipped by 216.67 per cent at Rs -0.07 crore versus (Mar'21 Rs 0.06 crore). Operating Profit surged by 403.73 per cent to Rs 33.80 crore as against Rs 6.71 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 71.38 per cent in March quarter. Interest grew by 726.67 per cent y-o-y to Rs 7.44 crore, while Taxation increased by 630.93 per cent at Rs 7.09 crore (Mar'21 Rs 0.97 crore).
