Swelect Energy Systems posts Q4 net profit of Rs 15.43 cr
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The company reported standalone net profit during the quarter stood at Rs 15.43 crore compared to net loss of Rs 0.82 crore in the previous year quarter. Net revenue of the company rose substantially by 70.23 per cent at Rs 147.59 crore in January-March quarter of this fiscal as against Rs 86.70 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 69.41 per cent to Rs 132.51 crore from Rs 78.22 crore in year ago period. Other Income grew by 77.78 per cent at Rs 9.44 crore versus (Mar'21 Rs 5.31 crore).
Operating Profit surged by 77.62 per cent to Rs 15.08 crore as against Rs 8.49 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 4.39 per cent in March quarter. Interest grew by 17.08 per cent y-o-y to Rs 4.25 crore
