TCI Q3 net profit up 24.65% at Rs 40.05 cr
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The company reported standalone net profit of Rs 40.05 crore for the quarter ended December 31, 2020 as compared to Rs 32.13 crore in the same period last year, registering a year-on-year growth of 24.65 per cent.
Net revenue of the company rose moderately by 10.48 per cent at Rs 715.19 crore in October-December quarter of this fiscal as against Rs 647.34 crore in the corresponding period last year. During October-December quarter, operating expenses increased by 9.43 per cent to Rs 639.76 crore from Rs 584.64 crore in year ago period.
Other Income grew by 50.26 per cent at Rs 8.64 crore versus (Dec'19 Rs 5.75 crore). Operating Profit surged by 20.30 per cent to Rs 75.43 crore as against Rs 62.70 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 8.88 per cent in December quarter. Interest declined by 30.96 per cent y-o-y to Rs 5.82 crore, while Taxation decreased by 23.23 per cent at Rs 5.75 crore (Dec'19 Rs 7.49 crore).
