PI Industries Q4 net profit jumps 85.25% at Rs 182.10 cr
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The company reported standalone net profit of Rs 182.10 crore for the quarter ended March 31, 2021 as compared to Rs 98.30 crore in the same period last year, registering a year-on-year growth of 85.25 per cent. Net revenue of the company rose substantially by 41.16 per cent at Rs 1,122.90 crore in January-March quarter of this fiscal as against Rs 795.50 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 42.64 per cent to Rs 893.90 crore from Rs 626.70 crore in year ago period. Other Income grew by 635.85 per cent at Rs 39.00 crore versus (Mar'20 Rs 5.30 crore).
Operating Profit surged by 35.66 per cent to Rs 229.00 crore as against Rs 168.80 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 3.91 per cent in March quarter. Interest declined by 51.72 per cent y-o-y to Rs 4.20 crore, while Taxation increased by 57.52 per cent at Rs 41.90 crore (Mar'20 Rs 26.60 crore).
