VST Tillers Tr posts Q4 net profit of Rs 12.93 cr
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The company reported standalone net profit during the quarter stood at Rs 12.93 crore compared to net loss of Rs 3.38 crore in the previous year quarter. Net revenue of the company rose substantially by 62.55 per cent at Rs 194.74 crore in January-March quarter of this fiscal as against Rs 119.80 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 48.04 per cent to Rs 186.91 crore from Rs 126.26 crore in year ago period. Other Income grew by 193.21 per cent at Rs 14.25 crore versus (Mar'20 Rs 4.86 crore). Operating Profit surged by 221.21 per cent to Rs 7.83 crore as against Rs -6.46 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 174.58 per cent in March quarter. Interest grew by 128.09 per cent y-o-y to Rs 0.25 crore, while Taxation increased by 306.79 per cent at Rs 4.57 crore (Mar'20 Rs -2.21 crore).
