TVS Srichakra Ltd Q4 net profit up 39.17% at Rs 34.11 cr
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The company reported standalone net profit of Rs 34.11 crore for the quarter ended March 31, 2021 as compared to Rs 24.51 crore in the same period last year, registering a year-on-year growth of 39.17 per cent. Net revenue of the company rose substantially by 39.29 per cent at Rs 581.04 crore in January-March quarter of this fiscal as against Rs 417.14 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 31.05 per cent to Rs 503.70 crore from Rs 384.36 crore in year ago period. Other Income dipped by 25.56 per cent at Rs 2.97 crore versus (Mar'20 Rs 3.99 crore).
Operating Profit surged by 135.94 per cent to Rs 77.34 crore as against Rs 32.78 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 69.34 per cent in March quarter. Interest declined by 31.13 per cent y-o-y to Rs 5.95 crore, while Taxation increased by 139.88 per cent at Rs 10.70 crore (Mar'20 Rs -26.83 crore).
