Venky's (India) Q4 net profit down 26.35% at Rs 57.37 cr
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The company reported standalone net profit of Rs 57.37 crore for the quarter ended March 31, 2022 as compared to Rs 77.90 crore in the same period last year, registering a year-on-year decline of 26.35 per cent. Net revenue of the company rose substantially by 30.59 per cent at Rs 1,229.35 crore in January-March quarter of this fiscal as against Rs 941.35 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 37.70 per cent to Rs 1,143.17 crore from Rs 830.18 crore in year ago period. Other Income dipped by 15.91 per cent at Rs 9.67 crore versus (Mar'21 Rs 11.50 crore).
Operating Profit slipped by 22.48 per cent to Rs 86.18 crore as against Rs 111.17 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 40.64 per cent in March quarter. Interest declined by 39.64 per cent y-o-y to Rs 4.37 crore, while Taxation decreased by 13.11 per cent at Rs 24.86 crore (Mar'21 Rs 28.61 crore).
