Vaibhav Global Q4 net profit down 80.18% at Rs 21.04 cr
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The company reported standalone net profit of Rs 21.04 crore for the quarter ended March 31, 2021 as compared to Rs 106.15 crore in the same period last year, registering a year-on-year decline of 80.18 per cent. Net revenue of the company rose substantially by 22.50 per cent at Rs 113.04 crore in January-March quarter of this fiscal as against Rs 92.28 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 23.92 per cent to Rs 106.51 crore from Rs 85.95 crore in year ago period. Other Income dipped by 82.23 per cent at Rs 18.80 crore versus (Mar'20 Rs 105.80 crore).
Operating Profit surged by 3.16 per cent to Rs 6.53 crore as against Rs 6.33 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 15.74 per cent in March quarter. Interest declined by 81.43 per cent y-o-y to Rs 0.65 crore, while Taxation increased by 38.18 per cent at Rs 2.28 crore (Mar'20 Rs 1.65 crore).
