Orient Electric Q4 net profit jumps 75.15% at Rs 62.67 cr
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The company reported standalone net profit of Rs 62.67 crore for the quarter ended March 31, 2021 as compared to Rs 35.78 crore in the same period last year, registering a year-on-year growth of 75.15 per cent. Net revenue of the company rose substantially by 42.36 per cent at Rs 801.71 crore in January-March quarter of this fiscal as against Rs 563.14 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 41.56 per cent to Rs 704.90 crore from Rs 497.94 crore in year ago period. Other Income grew by 173.29 per cent at Rs 3.99 crore versus (Mar'20 Rs 1.46 crore).
Operating Profit surged by 48.48 per cent to Rs 96.81 crore as against Rs 65.20 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 4.32 per cent in March quarter. Interest declined by 29.82 per cent y-o-y to Rs 5.39 crore, while Taxation increased by 72.55 per cent at Rs 21.81 crore (Mar'20 Rs 12.64 crore).
