WABCO India Q4 net profit jumps 51.21% at Rs 47.63 cr
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The company reported standalone net profit of Rs 47.63 crore for the quarter ended March 31, 2021 as compared to Rs 31.50 crore in the same period last year, registering a year-on-year growth of 51.21 per cent. Net revenue of the company rose substantially by 75.95 per cent at Rs 712.32 crore in January-March quarter of this fiscal as against Rs 404.85 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 78.06 per cent to Rs 628.87 crore from Rs 353.17 crore in year ago period. Other Income dipped by 63.65 per cent at Rs 6.59 crore versus (Mar'20 Rs 18.13 crore).
Operating Profit surged by 61.49 per cent to Rs 83.46 crore as against Rs 51.68 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 8.22 per cent in March quarter. Interest declined by 73.77 per cent y-o-y to Rs 0.16 crore, while Taxation increased by 50.81 per cent at Rs 19.62 crore (Mar'20 Rs 13.01 crore).
