Sirca Paints India Q4 net profit zooms 558.44% at Rs 15.21 cr
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The company reported standalone net profit of Rs 15.21 crore for the quarter ended March 31, 2021 as compared to Rs 2.31 crore in the same period last year, registering a year-on-year growth of 558.44 per cent. Net revenue of the company rose substantially by 48.36 per cent at Rs 47.58 crore in January-March quarter of this fiscal as against Rs 32.07 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 33.95 per cent to Rs 38.27 crore from Rs 28.57 crore in year ago period. Other Income grew by 1701.49 per cent at Rs 12.07 crore versus (Mar'20 Rs 0.67 crore).
Operating Profit surged by 166.00 per cent to Rs 9.31 crore as against Rs 3.50 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 79.38 per cent in March quarter. Interest declined by 50.00 per cent y-o-y to Rs 0.01 crore, while Taxation increased by 614.67 per cent at Rs 5.36 crore (Mar'20 Rs 0.75 crore).
