Vinyl Chemicals Q4 net profit zooms 274.94% at Rs 14.51 cr
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The company reported standalone net profit of Rs 14.51 crore for the quarter ended March 31, 2022 as compared to Rs 3.87 crore in the same period last year, registering a year-on-year growth of 274.94 per cent. Net revenue of the company declined substantially by 27.39 per cent at Rs 120.50 crore in January-March quarter of this fiscal as against Rs 165.96 crore in the corresponding period last year. During January-March quarter, operating expenses dropped by 35.30 per cent to Rs 104.62 crore from Rs 161.69 crore in year ago period.
Other Income grew by 285.87 per cent at Rs 3.55 crore versus (Mar'21 Rs 0.92 crore). Operating Profit surged by 271.90 per cent to Rs 15.88 crore as against Rs 4.27 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 412.84 per cent in March quarter. Interest grew by 50.00 per cent y-o-y to Rs 0.03 crore, while Taxation increased by 276.15 per cent at Rs 4.89 crore (Mar'21 Rs 1.30 crore).
