Morepen Labs.Lt Q4 net profit zooms 165.19% at Rs 25.14 cr
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
The company reported standalone net profit of Rs 25.14 crore for the quarter ended March 31, 2021 as compared to Rs 9.48 crore in the same period last year, registering a year-on-year growth of 165.19 per cent. Net revenue of the company rose substantially by 39.63 per cent at Rs 264.11 crore in January-March quarter of this fiscal as against Rs 189.15 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 36.83 per cent to Rs 236.45 crore from Rs 172.80 crore in year ago period. Other Income grew by 125.00 per cent at Rs 3.87 crore versus (Mar'20 Rs 1.72 crore). Operating Profit surged by 69.11 per cent to Rs 27.65 crore as against Rs 16.35 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 21.18 per cent in March quarter. Interest declined by 108.06 per cent y-o-y to Rs -0.05 crore
