Nahar Industries Enterprises posts Q4 net profit of Rs 40.19 cr
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The company reported standalone net profit during the quarter stood at Rs 40.19 crore compared to net loss of Rs 2.64 crore in the previous year quarter. Net revenue of the company rose moderately by 13.95 per cent at Rs 463.62 crore in January-March quarter of this fiscal as against Rs 406.85 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 5.15 per cent to Rs 395.82 crore from Rs 376.43 crore in year ago period. Other Income dipped by 25.33 per cent at Rs 3.39 crore versus (Mar'20 Rs 4.54 crore).
Operating Profit surged by 122.91 per cent to Rs 67.81 crore as against Rs 30.42 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 95.59 per cent in March quarter. Interest declined by 3.70 per cent y-o-y to Rs 16.94 crore, while Taxation decreased by 196.08 per cent at Rs -0.49 crore (Mar'20 Rs 0.51 crore).
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