Tiger Logistics (India) Q4 net profit zooms 201.43% at Rs 10.52 cr
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
The company reported standalone net profit of Rs 10.52 crore for the quarter ended March 31, 2022 as compared to Rs 3.49 crore in the same period last year, registering a year-on-year growth of 201.43 per cent. Net revenue of the company rose triple digit by 166.18 per cent at Rs 170.65 crore in January-March quarter of this fiscal as against Rs 64.11 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 162.24 per cent to Rs 159.02 crore from Rs 60.64 crore in year ago period.
Other Income dipped by 55.56 per cent at Rs 0.72 crore versus (Mar'21 Rs 1.62 crore). Operating Profit surged by 235.16 per cent to Rs 11.63 crore as against Rs 3.47 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 26.06 per cent in March quarter. Interest declined by 93.02 per cent y-o-y to Rs 0.03 crore, while Taxation increased by 3060.00 per cent at Rs 1.48 crore (Mar'21 Rs -0.05 crore).
