Man Infraconstruction Q4 net profit jumps 98.51% at Rs 32.04 cr
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The company reported standalone net profit of Rs 32.04 crore for the quarter ended March 31, 2021 as compared to Rs 16.14 crore in the same period last year, registering a year-on-year growth of 98.51 per cent. Net revenue of the company rose substantially by 59.59 per cent at Rs 51.85 crore in January-March quarter of this fiscal as against Rs 32.49 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 43.02 per cent to Rs 48.37 crore from Rs 33.82 crore in year ago period. Other Income grew by 59.45 per cent at Rs 37.95 crore versus (Mar'20 Rs 23.80 crore).
Operating Profit surged by 361.65 per cent to Rs 3.48 crore as against Rs -1.33 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 264.30 per cent in March quarter. Interest grew by 17.14 per cent y-o-y to Rs 0.82 crore, while Taxation increased by 15.95 per cent at Rs 5.09 crore (Mar'20 Rs 4.39 crore).
