Madras Fertilize Q4 net profit down 57.26% at Rs 26.59 cr
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The company reported standalone net profit of Rs 26.59 crore for the quarter ended March 31, 2021 as compared to Rs 62.21 crore in the same period last year, registering a year-on-year decline of 57.26 per cent. Net revenue of the company declined moderately by 9.43 per cent at Rs 460.11 crore in January-March quarter of this fiscal as against Rs 508.00 crore in the corresponding period last year. During January-
March quarter, operating expenses dropped by 5.91 per cent to Rs 397.83 crore from Rs 422.84 crore in year ago period. Other Income dipped by 60.44 per cent at Rs 3.60 crore versus (Mar'20 Rs 9.10 crore). Operating Profit slipped by 26.87 per cent to Rs 62.28 crore as against Rs 85.16 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 19.21 per cent in March quarter. Interest grew by 31.75 per cent y-o-y to Rs 29.21 crore
