Saurashtra Cement Q4 net profit zooms 376.24% at Rs 31.67 cr
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The company reported standalone net profit of Rs 31.67 crore for the quarter ended March 31, 2021 as compared to Rs 6.65 crore in the same period last year, registering a year-on-year growth of 376.24 per cent. Net revenue of the company rose substantially by 37.48 per cent at Rs 243.25 crore in January-March quarter of this fiscal as against Rs 176.93 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 34.08 per cent to Rs 195.15 crore from Rs 145.55 crore in year ago period. Other Income grew by 41.40 per cent at Rs 4.03 crore versus (Mar'20 Rs 2.85 crore).
Operating Profit surged by 53.28 per cent to Rs 48.10 crore as against Rs 31.38 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 11.50 per cent in March quarter. Interest grew by 21.54 per cent y-o-y to Rs 1.58 crore, while Taxation increased by 226.45 per cent at Rs 14.07 crore (Mar'20 Rs 4.31 crore).
