Newgen Software Technologies Q4 net profit up 34.37% at Rs 50.00 cr
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The company reported standalone net profit of Rs 50.00 crore for the quarter ended March 31, 2021 as compared to Rs 37.21 crore in the same period last year, registering a year-on-year growth of 34.37 per cent. Net revenue of the company rose moderately by 7.26 per cent at Rs 183.82 crore in January-March quarter of this fiscal as against Rs 171.37 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 3.33 per cent to Rs 120.61 crore from Rs 124.77 crore in year ago period. Other Income dipped by 54.41 per cent at Rs 4.14 crore versus (Mar'20 Rs 9.08 crore).
Operating Profit surged by 35.61 per cent to Rs 63.21 crore as against Rs 46.61 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 26.43 per cent in March quarter. Interest declined by 78.36 per cent y-o-y to Rs 0.74 crore, while Taxation increased by 15.68 per cent at Rs 11.88 crore (Mar'20 Rs 10.27 crore).
