Thyrocare Tech. posts Q4 net profit of Rs 35.34 cr
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The company reported standalone net profit during the quarter stood at Rs 35.34 crore compared to net loss of Rs 18.09 crore in the previous year quarter. Net revenue of the company rose substantially by 48.64 per cent at Rs 139.16 crore in January-March quarter of this fiscal as against Rs 93.62 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 37.73 per cent to Rs 88.48 crore from Rs 64.24 crore in year ago period. Other Income grew by 0.40 per cent at Rs 2.48 crore versus (Mar'20 Rs 2.47 crore). Operating Profit surged by 72.50 per cent to Rs 50.68 crore as against Rs 29.38 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 16.06 per cent in March quarter. Interest declined by 96.30 per cent y-o-y to Rs 0.01 crore, while Taxation increased by 6805.56 per cent at Rs 12.07 crore (Mar'20 Rs -0.18 crore).
