Polyplex Corporation Q4 net profit down 43.73% at Rs 183.85 cr
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The company reported standalone net profit of Rs 183.85 crore for the quarter ended March 31, 2022 as compared to Rs 326.74 crore in the same period last year, registering a year-on-year decline of 43.73 per cent. Net revenue of the company rose substantially by 45.53 per cent at Rs 514.60 crore in January-March quarter of this fiscal as against Rs 353.61 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 36.86 per cent to Rs 411.07 crore from Rs 300.35 crore in year ago period. Other Income dipped by 60.15 per cent at Rs 119.61 crore versus (Mar'21 Rs 300.15 crore). Operating Profit surged by 94.39 per cent to Rs 103.53 crore as against Rs 53.26 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 33.60 per cent in March quarter. Interest declined by 15.52 per cent y-o-y to Rs 0.49 crore, while Taxation increased by 128.75 per cent at Rs 25.30 crore (Mar'21 Rs 11.06 crore).
