Market Nav

News Details

04/05/2021 19:50

Greaves Cotton Q4 net profit zooms 138.09% at Rs 23.88 cr

The company reported standalone net profit of Rs 23.88 crore for the quarter ended March 31, 2021 as compared to Rs 10.03 crore in the same period last year, registering a year-on-year growth of 138.09 per cent.

Net revenue of the company rose substantially by 27.09 per cent at Rs 457.00 crore in January-March quarter of this fiscal as against Rs 359.58 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 24.51 per cent to Rs 409.67 crore from Rs 329.02 crore in year ago period.

Other Income grew by 10.48 per cent at Rs 3.69 crore versus (Mar'20 Rs 3.34 crore).

Operating Profit surged by 54.88 per cent to Rs 47.33 crore as against Rs 30.56 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 21.88 per cent in March quarter.

Interest declined by 41.90 per cent y-o-y to Rs 0.61 crore, while Taxation increased by 345.10 per cent at Rs 15.00 crore (Mar'20 Rs 3.37 crore).