Vimta Labs Q4 net profit jumps 53.29% at Rs 11.88 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 11.88 crore for the quarter ended March 31, 2022 as compared to Rs 7.75 crore in the same period last year, registering a year-on-year growth of 53.29 per cent. Net revenue of the company rose substantially by 23.72 per cent at Rs 73.60 crore in January-March quarter of this fiscal as against Rs 59.49 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 17.98 per cent to Rs 50.53 crore from Rs 42.83 crore in year ago period.
Other Income grew by 75.00 per cent at Rs 0.42 crore versus (Mar'21 Rs 0.24 crore). Operating Profit surged by 38.48 per cent to Rs 23.07 crore as against Rs 16.66 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 11.96 per cent in March quarter. Interest declined by 16.18 per cent y-o-y to Rs 0.57 crore, while Taxation increased by 63.57 per cent at Rs 4.40 crore (Mar'21 Rs 2.69 crore).
