Stove Kraft Q3 net profit zooms 277.34% at Rs 33.47 cr

01-01-1970 12:00 AM | Source: Dion Global Solutions Ltd

Stove Kraft Q3 net profit zooms 277.34% at Rs 33.47 cr

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The company reported standalone net profit of Rs 33.47 crore for the quarter ended December 31, 2020 as compared to Rs 8.87 crore in the same period last year, registering a year-on-year growth of 277.34 per cent. Net revenue of the company rose substantially by 47.08 per cent at Rs 294.68 crore in October-December quarter of this fiscal as against Rs 200.36 crore in the corresponding period last year. During October-December quarter, operating expenses increased by 36.97 per cent to Rs 251.92 crore from Rs 183.93 crore in year ago period. Other Income dipped by 89.33 per cent at Rs 0.08 crore versus (Dec'19 Rs 0.75 crore). Operating Profit surged by 160.26 per cent to Rs 42.76 crore as against Rs 16.43 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 76.95 per cent in December quarter. Interest grew by 7.98 per cent y-o-y to Rs 5.55 crore

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Stove Kraft Q3 net profit zooms 277.34% at Rs 33.47 cr

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