Skipper Q4 net profit zooms 176.76% at Rs 25.13 cr
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The company reported standalone net profit of Rs 25.13 crore for the quarter ended March 31, 2022 as compared to Rs 9.08 crore in the same period last year, registering a year-on-year growth of 176.76 per cent. Net revenue of the company rose moderately by 11.12 per cent at Rs 552.65 crore in January-March quarter of this fiscal as against Rs 497.35 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 8.01 per cent to Rs 490.98 crore from Rs 454.56 crore in year ago period.
Other Income dipped by 55.46 per cent at Rs 1.06 crore versus (Mar'21 Rs 2.38 crore). Operating Profit surged by 44.15 per cent to Rs 61.68 crore as against Rs 42.79 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 29.77 per cent in March quarter. Interest grew by 21.29 per cent y-o-y to Rs 25.41 crore, while Taxation decreased by 100.29 per cent at Rs -0.01 crore (Mar'21 Rs 3.50 crore).
