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29/01/2022 12:00

De Nora India Q3 net profit zooms 608.82% at Rs 2.41 cr

The company reported standalone net profit of Rs 2.41 crore for the quarter ended December 31, 2021 as compared to Rs 0.34 crore in the same period last year, registering a year-on-year growth of 608.82 per cent.

Net revenue of the company rose substantially by 62.00 per cent at Rs 15.39 crore in October-December quarter of this fiscal as against Rs 9.50 crore in the corresponding period last year.

During October-December quarter, operating expenses increased by 26.18 per cent to Rs 11.52 crore from Rs 9.13 crore in year ago period.

Other Income dipped by 88.06 per cent at Rs 0.08 crore versus (Dec'20 Rs 0.67 crore).

Operating Profit surged by 943.24 per cent to Rs 3.86 crore as against Rs 0.37 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 552.47 per cent in December quarter.

Taxation increased by 1620.00 per cent at Rs 0.86 crore (Dec'20 Rs 0.05 crore).