R Systems International Q1 net profit zooms 152.58% at Rs 19.07 cr
The company reported standalone net profit of Rs 19.07 crore for the quarter ended March 31, 2021 as compared to Rs 7.55 crore in the same period last year, registering a year-on-year growth of 152.58 per cent. Net revenue of the company rose moderately by 14.71 per cent at Rs 121.54 crore in January-March quarter of this fiscal as against Rs 105.95 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 6.44 per cent to Rs 100.97 crore from Rs 94.86 crore in year ago period. Other Income grew by 188.10 per cent at Rs 4.84 crore versus (Mar'20 Rs 1.68 crore).
Operating Profit surged by 85.48 per cent to Rs 20.57 crore as against Rs 11.09 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 61.70 per cent in March quarter. Interest grew by 9.41 per cent y-o-y to Rs 0.93 crore, while Taxation increased by 79.65 per cent at Rs 2.03 crore (Mar'20 Rs 1.13 crore).
