Sheela Foam Q4 net profit zooms 108.36% at Rs 54.36 cr
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The company reported standalone net profit of Rs 54.36 crore for the quarter ended March 31, 2021 as compared to Rs 26.09 crore in the same period last year, registering a year-on-year growth of 108.36 per cent. Net revenue of the company rose substantially by 36.84 per cent at Rs 533.99 crore in January-March quarter of this fiscal as against Rs 390.22 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 33.13 per cent to Rs 463.81 crore from Rs 348.39 crore in year ago period. Other Income grew by 6.68 per cent at Rs 14.05 crore versus (Mar'20 Rs 13.17 crore).
Operating Profit surged by 67.77 per cent to Rs 70.18 crore as against Rs 41.83 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 22.57 per cent in March quarter. Interest grew by 16.41 per cent y-o-y to Rs 2.27 crore, while Taxation increased by 198.15 per cent at Rs 19.38 crore (Mar'20 Rs 6.50 crore).
