PI Industries Q3 net profit jumps 62.54% at Rs 195.70 cr
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The company reported standalone net profit of Rs 195.70 crore for the quarter ended December 31, 2020 as compared to Rs 120.40 crore in the same period last year, registering a year-on-year growth of 62.54 per cent. Net revenue of the company rose substantially by 31.12 per cent at Rs 1,114.30 crore in October-December quarter of this fiscal as against Rs 849.80 crore in the corresponding period last year. During October-December quarter, operating expenses increased by 26.90 per cent to Rs 842.90 crore from Rs 664.20 crore in year ago period.
Other Income grew by 97.46 per cent at Rs 38.90 crore versus (Dec'19 Rs 19.70 crore). Operating Profit surged by 46.23 per cent to Rs 271.40 crore as against Rs 185.60 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 11.54 per cent in December quarter. Interest grew by 44.44 per cent y-o-y to Rs 6.50 crore, while Taxation increased by 39.09 per cent at Rs 67.60 crore (Dec'19 Rs 48.60 crore).
