Stove Kraft posts Q4 net profit of Rs 19.21 cr
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The company reported standalone net profit during the quarter stood at Rs 19.21 crore compared to net loss of Rs 10.41 crore in the previous year quarter. Net revenue of the company rose substantially by 52.88 per cent at Rs 235.44 crore in January-March quarter of this fiscal as against Rs 154.00 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 35.03 per cent to Rs 210.23 crore from Rs 155.69 crore in year ago period. Other Income grew by 370.59 per cent at Rs 0.80 crore versus (Mar'20 Rs 0.17 crore).
Operating Profit surged by 1583.53 per cent to Rs 25.22 crore as against Rs -1.70 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1073.64 per cent in March quarter. Interest declined by 43.42 per cent y-o-y to Rs 3.18 crore
