Sangam India Ltd Q4 net profit zooms 937.39% at Rs 34.13 cr
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The company reported standalone net profit of Rs 34.13 crore for the quarter ended March 31, 2021 as compared to Rs 3.29 crore in the same period last year, registering a year-on-year growth of 937.39 per cent. Net revenue of the company rose substantially by 23.80 per cent at Rs 495.49 crore in January-March quarter of this fiscal as against Rs 400.23 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 18.11 per cent to Rs 421.66 crore from Rs 357.00 crore in year ago period. Other Income grew by 369.44 per cent at Rs 5.07 crore versus (Mar'20 Rs 1.08 crore).
Operating Profit surged by 70.78 per cent to Rs 73.83 crore as against Rs 43.23 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 37.96 per cent in March quarter. Interest declined by 20.45 per cent y-o-y to Rs 13.85 crore, while Taxation increased by 229.86 per cent at Rs 11.71 crore (Mar'20 Rs 3.55 crore).
