Panchmahal Steel posts Q4 net profit of Rs 11.02 cr
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The company reported standalone net profit during the quarter stood at Rs 11.02 crore compared to net loss of Rs 25.37 crore in the previous year quarter. Net revenue of the company rose substantially by 55.78 per cent at Rs 110.73 crore in January-March quarter of this fiscal as against Rs 71.08 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 37.59 per cent to Rs 97.99 crore from Rs 71.22 crore in year ago period. Other Income grew by 311.63 per cent at Rs 1.77 crore versus (Mar'20 Rs 0.43 crore).
Operating Profit surged by 9200.00 per cent to Rs 12.74 crore as against Rs -0.14 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 6152.63 per cent in March quarter. Interest declined by 43.01 per cent y-o-y to Rs 1.63 crore
