PNB Gilts posts Q4 net profit of Rs 49.05 cr
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
The company reported standalone net profit during the quarter stood at Rs 49.05 crore compared to net loss of Rs 14.14 crore in the previous year quarter. Net revenue of the company rose substantially by 31.43 per cent at Rs 241.91 crore in January-March quarter of this fiscal as against Rs 184.06 crore in the corresponding period last year. During January-March quarter, operating expenses dropped by 51.03 per cent to Rs 49.01 crore from Rs 100.08 crore in year ago period. Other Income dipped by 50.00 per cent at Rs 0.04 crore versus (Mar'21 Rs 0.08 crore). Operating Profit surged by 129.70 per cent to Rs 192.90 crore as against Rs 83.98 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 74.75 per cent in March quarter. Interest grew by 54.02 per cent y-o-y to Rs 133.35 crore, while Taxation increased by 337.34 per cent at Rs 10.19 crore (Mar'21 Rs 2.33 crore).
