Stylam Industries Q4 net profit down 29.78% at Rs 16.46 cr
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The company reported standalone net profit of Rs 16.46 crore for the quarter ended March 31, 2022 as compared to Rs 23.44 crore in the same period last year, registering a year-on-year decline of 29.78 per cent. Net revenue of the company rose moderately by 7.92 per cent at Rs 179.69 crore in January-March quarter of this fiscal as against Rs 166.50 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 17.84 per cent to Rs 159.88 crore from Rs 135.67 crore in year ago period.
Other Income grew by 62.04 per cent at Rs 7.00 crore versus (Mar'21 Rs 4.32 crore). Operating Profit slipped by 35.80 per cent to Rs 19.80 crore as against Rs 30.84 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 40.50 per cent in March quarter. Interest grew by 65.12 per cent y-o-y to Rs 2.13 crore, while Taxation decreased by 47.76 per cent at Rs 2.57 crore (Mar'21 Rs 4.92 crore).
