Sandesh Q4 net profit jumps 52.82% at Rs 29.22 cr
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The company reported standalone net profit of Rs 29.22 crore for the quarter ended March 31, 2022 as compared to Rs 19.12 crore in the same period last year, registering a year-on-year growth of 52.82 per cent. Net revenue of the company rose moderately by 14.40 per cent at Rs 104.01 crore in January-March quarter of this fiscal as against Rs 90.92 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 34.14 per cent to Rs 89.81 crore from Rs 66.95 crore in year ago period.
Other Income grew by 1651.45 per cent at Rs 24.17 crore versus (Mar'21 Rs 1.38 crore). Operating Profit slipped by 40.76 per cent to Rs 14.20 crore as against Rs 23.97 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 48.20 per cent in March quarter. Interest declined by 37.50 per cent y-o-y to Rs 0.05 crore, while Taxation increased by 41.05 per cent at Rs 8.35 crore (Mar'21 Rs 5.92 crore).
