The New India Assur Q4 net profit jumps 90.61% at Rs 241.39 cr
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The company reported standalone net profit of Rs 241.39 crore for the quarter ended March 31, 2021 as compared to Rs 126.64 crore in the same period last year, registering a year-on-year growth of 90.61 per cent. Net revenue of the company rose substantially by 55.88 per cent at Rs 549.26 crore in January-March quarter of this fiscal as against Rs 352.36 crore in the corresponding period last year. During January-March quarter, operating expenses dropped by 12.49 per cent to Rs 227.28 crore from Rs 259.71 crore in year ago period. Other Income dipped by 72.53 per cent at Rs 12.97 crore versus (Mar'20 Rs 47.22 crore). Operating Profit surged by 247.52 per cent to Rs 321.98 crore as against Rs 92.65 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 122.97 per cent in March quarter. Taxation increased by 607.18 per cent at Rs 93.56 crore (Mar'20 Rs 13.23 crore)
