Tega Industries Q4 net profit down 65.88% at Rs 31.52 cr
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The company reported standalone net profit of Rs 31.52 crore for the quarter ended March 31, 2022 as compared to Rs 92.39 crore in the same period last year, registering a year-on-year decline of 65.88 per cent. Net revenue of the company rose moderately by 6.80 per cent at Rs 154.52 crore in January-March quarter of this fiscal as against Rs 144.68 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 13.93 per cent to Rs 122.90 crore from Rs 107.87 crore in year ago period.
Other Income dipped by 80.23 per cent at Rs 14.45 crore versus (Mar'21 Rs 73.08 crore). Operating Profit slipped by 14.10 per cent to Rs 31.62 crore as against Rs 36.81 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 19.58 per cent in March quarter. Interest declined by 38.11 per cent y-o-y to Rs 2.16 crore, while Taxation decreased by 5.44 per cent at Rs 7.82 crore (Mar'21 Rs 8.27 crore).
