Star Cement Q4 net profit up 21.30% at Rs 75.34 cr
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The company reported standalone net profit of Rs 75.34 crore for the quarter ended March 31, 2022 as compared to Rs 62.11 crore in the same period last year, registering a year-on-year growth of 21.30 per cent. Net revenue of the company rose substantially by 24.73 per cent at Rs 735.76 crore in January-March quarter of this fiscal as against Rs 589.86 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 26.83 per cent to Rs 648.95 crore from Rs 511.66 crore in year ago period. Other Income dipped by 1.47 per cent at Rs 6.05 crore versus (Mar'21 Rs 6.14 crore). Operating Profit surged by 11.00 per cent to Rs 86.81 crore as against Rs 78.21 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 11.01 per cent in March quarter. Interest grew by 63.59 per cent y-o-y to Rs 3.01 crore, while Taxation decreased by 307.07 per cent at Rs -5.86 crore (Mar'21 Rs 2.83 crore).
