Sagar Cements Q4 net profit zooms 389.41% at Rs 42.04 cr
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
The company reported standalone net profit of Rs 42.04 crore for the quarter ended March 31, 2021 as compared to Rs 8.59 crore in the same period last year, registering a year-on-year growth of 389.41 per cent. Net revenue of the company rose substantially by 41.70 per cent at Rs 304.99 crore in January-March quarter of this fiscal as against Rs 215.24 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 22.55 per cent to Rs 226.27 crore from Rs 184.64 crore in year ago period. Other Income dipped by 6.93 per cent at Rs 4.70 crore versus (Mar'20 Rs 5.05 crore).
Operating Profit surged by 157.25 per cent to Rs 78.72 crore as against Rs 30.60 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 81.50 per cent in March quarter. Interest declined by 21.66 per cent y-o-y to Rs 6.33 crore, while Taxation increased by 420.79 per cent at Rs 21.04 crore (Mar'20 Rs 4.04 crore).
