Plastiblends India Q4 net profit zooms 144.15% at Rs 12.11 cr
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The company reported standalone net profit of Rs 12.11 crore for the quarter ended March 31, 2021 as compared to Rs 4.96 crore in the same period last year, registering a year-on-year growth of 144.15 per cent. Net revenue of the company rose substantially by 22.15 per cent at Rs 171.68 crore in January-March quarter of this fiscal as against Rs 140.55 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 17.71 per cent to Rs 152.36 crore from Rs 129.44 crore in year ago period. Other Income dipped by 6.45 per cent at Rs 1.45 crore versus (Mar'20 Rs 1.55 crore).
Operating Profit surged by 73.81 per cent to Rs 19.31 crore as against Rs 11.11 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 42.23 per cent in March quarter. Interest declined by 58.62 per cent y-o-y to Rs 0.48 crore, while Taxation increased by 70.63 per cent at Rs 4.30 crore (Mar'20 Rs 2.52 crore).
