Vesuvius India Q4 net profit zooms 110.35% at Rs 27.64 cr
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The company reported standalone net profit of Rs 27.64 crore for the quarter ended December 31, 2022 as compared to Rs 13.14 crore in the same period last year, registering a year-on-year growth of 110.35 per cent. Net revenue of the company rose substantially by 35.38 per cent at Rs 348.37 crore in October-December quarter of this fiscal as against Rs 257.33 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 29.35 per cent to Rs 308.84 crore from Rs 238.76 crore in year ago period. Other Income grew by 27.52 per cent at Rs 6.58 crore versus (Dec'21 Rs 5.16 crore). Operating Profit surged by 95.98 per cent to Rs 39.53 crore as against Rs 20.17 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 44.77 per cent in December quarter. Taxation increased by 110.43 per cent at Rs 9.68 crore (Dec'21 Rs 4.60 crore).
