Thermax Q4 net profit zooms 173.97% at Rs 112.74 cr
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The company reported standalone net profit of Rs 112.74 crore for the quarter ended March 31, 2021 as compared to Rs 41.15 crore in the same period last year, registering a year-on-year growth of 173.97 per cent. Net revenue of the company rose substantially by 46.74 per cent at Rs 1,084.97 crore in January-March quarter of this fiscal as against Rs 739.40 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 44.54 per cent to Rs 1,000.35 crore from Rs 692.10 crore in year ago period. Other Income grew by 65.14 per cent at Rs 62.01 crore versus (Mar'20 Rs 37.55 crore).
Operating Profit surged by 78.90 per cent to Rs 84.62 crore as against Rs 47.30 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 21.88 per cent in March quarter. Interest grew by 33.50 per cent y-o-y to Rs 2.71 crore, while Taxation increased by 43.15 per cent at Rs 14.53 crore (Mar'20 Rs 10.15 crore).
