Narayani Steels posts Q4 net profit of Rs 78.32 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 during the quarter stood at Rs 78.32 crore compared to net loss of Rs 41.41 crore in the previous year quarter. Net revenue of the company declined substantially by 90.51 per cent at Rs 4.50 crore in January-March quarter of this fiscal as against Rs 47.42 crore in the corresponding period last year. During January-March quarter, operating expenses dropped by 97.32 per cent to Rs 2.53 crore from Rs 94.54 crore in year ago period. Other Income dipped by 110.02 per cent at Rs -0.48 crore versus (Mar'21 Rs 4.79 crore).
Operating Profit surged by 104.18 per cent to Rs 1.97 crore as against Rs -47.13 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 144.08 per cent in March quarter. Interest declined by 100.41 per cent y-o-y to Rs -0.07 crore, while Taxation increased by 232.97 per cent at Rs 25.49 crore (Mar'21 Rs -19.17 crore).
