Seshasayee Paper Q4 net profit up 34.91% at Rs 61.45 cr
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The company reported standalone net profit of Rs 61.45 crore for the quarter ended March 31, 2021 as compared to Rs 45.55 crore in the same period last year, registering a year-on-year growth of 34.91 per cent. Net revenue of the company rose marginally by 2.36 per cent at Rs 327.82 crore in January-March quarter of this fiscal as against Rs 320.26 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 14.88 per cent to Rs 293.55 crore from Rs 255.53 crore in year ago period. Other Income dipped by 37.31 per cent at Rs 2.89 crore versus (Mar'20 Rs 4.61 crore). Operating Profit slipped by 47.06 per cent to Rs 34.27 crore as against Rs 64.73 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 48.29 per cent in March quarter. Interest declined by 29.41 per cent y-o-y to Rs 0.60 crore, while Taxation decreased by 326.04 per cent at Rs -34.63 crore (Mar'20 Rs 15.32 crore).
