Nava Bharat Ventures Q4 net profit zooms 107.62% at Rs 129.16 cr
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The company reported standalone net profit of Rs 129.16 crore for the quarter ended March 31, 2022 as compared to Rs 62.21 crore in the same period last year, registering a year-on-year growth of 107.62 per cent. Net revenue of the company rose substantially by 22.53 per cent at Rs 463.84 crore in January-March quarter of this fiscal as against Rs 378.55 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 12.44 per cent to Rs 310.30 crore from Rs 275.97 crore in year ago period.
Other Income grew by 285.79 per cent at Rs 38.54 crore versus (Mar'21 Rs 9.99 crore). Operating Profit surged by 49.68 per cent to Rs 153.54 crore as against Rs 102.58 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 22.14 per cent in March quarter. Interest grew by 23.85 per cent y-o-y to Rs 3.22 crore, while Taxation increased by 62.71 per cent at Rs 56.07 crore (Mar'21 Rs 34.46 crore).
