Orient Cement Q4 net profit zooms 126.64% at Rs 99.88 cr
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The company reported standalone net profit of Rs 99.88 crore for the quarter ended March 31, 2021 as compared to Rs 44.07 crore in the same period last year, registering a year-on-year growth of 126.64 per cent. Net revenue of the company rose substantially by 27.06 per cent at Rs 831.62 crore in January-March quarter of this fiscal as against Rs 654.52 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 18.73 per cent to Rs 629.08 crore from Rs 529.82 crore in year ago period. Other Income dipped by 63.81 per cent at Rs 2.66 crore versus (Mar'20 Rs 7.35 crore).
Operating Profit surged by 62.42 per cent to Rs 202.54 crore as against Rs 124.70 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 27.82 per cent in March quarter. Interest declined by 43.20 per cent y-o-y to Rs 15.87 crore, while Taxation increased by 109.42 per cent at Rs 53.57 crore (Mar'20 Rs 25.58 crore).
