Sundaram Multi P posts Q3 net profit of Rs 1.62 cr
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The company reported standalone net profit during the quarter stood at Rs 1.62 crore compared to net loss of Rs 2.15 crore in the previous year quarter. Net revenue of the company rose substantially by 99.22 per cent at Rs 17.93 crore in October-December quarter of this fiscal as against Rs 9.00 crore in the corresponding period last year. During October-December quarter, operating expenses increased by 54.91 per cent to Rs 14.50 crore from Rs 9.36 crore in year ago period. Other Income dipped by 19.74 per cent at Rs 0.61 crore versus (Dec'20 Rs 0.76 crore). Operating Profit surged by 1027.03 per cent to Rs 3.43 crore as against Rs -0.37 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 566.83 per cent in December quarter. Interest declined by 13.38 per cent y-o-y to Rs 1.36 crore, while Taxation increased by 0.00 per cent at Rs -0.06 crore (Dec'20 Rs 0.00 crore).
