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Vinati Organics Q4 net profit down 5.05% at Rs 70.86 cr
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The company reported standalone net profit of Rs 70.86 crore for the quarter ended March 31, 2021 as compared to Rs 74.63 crore in the same period last year, registering a year-on-year decline of 5.05 per cent. Net revenue of the company rose moderately by 14.03 per cent at Rs 279.77 crore in January-March quarter of this fiscal as against Rs 245.34 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 25.73 per cent to Rs 180.64 crore from Rs 143.67 crore in year ago period. Other Income dipped by 59.49 per cent at Rs 6.57 crore versus (Mar'20 Rs 16.22 crore).
Operating Profit slipped by 2.51 per cent to Rs 99.12 crore as against Rs 101.67 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 14.50 per cent in March quarter. Interest declined by 57.69 per cent y-o-y to Rs 0.11 crore, while Taxation decreased by 27.94 per cent at Rs 23.99 crore (Mar'20 Rs 33.29 crore).
