REC Ltd Q4 net profit zooms 375.00% at Rs 2069.63 cr
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The company reported standalone net profit of Rs 2,069.63 crore for the quarter ended March 31, 2021 as compared to Rs 435.71 crore in the same period last year, registering a year-on-year growth of 375.00 per cent. Net revenue of the company rose moderately by 14.07 per cent at Rs 8,846.46 crore in January-March quarter of this fiscal as against Rs 7,755.63 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 55.00 per cent to Rs 1,013.28 crore from Rs 2,251.50 crore in year ago period. Other Income dipped by 92.35 per cent at Rs 4.23 crore versus (Mar'20 Rs 55.28 crore).
Operating Profit surged by 45.53 per cent to Rs 8,132.33 crore as against Rs 5,587.90 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 27.59 per cent in March quarter. Interest grew by 10.04 per cent y-o-y to Rs 5,438.14 crore, while Taxation increased by 138.51 per cent at Rs 626.14 crore (Mar'20 Rs 262.52 crore).
