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23/04/2024 10:50

IEL Ltd posts Q4 net profit of Rs 0.14 cr

The company reported standalone net profit during the quarter stood at Rs 0.14 crore compared to net loss of Rs 0.04 crore in the previous year quarter.

Net revenue of the company rose three fold by 785.44 per cent at Rs 9.12 crore in January-March quarter of this fiscal as against Rs 1.03 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 704.50 per cent to Rs 8.93 crore from Rs 1.11 crore in year ago period.

Operating Profit surged by 337.50 per cent to Rs 0.19 crore as against Rs -0.08 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 127.60 per cent in March quarter.

Taxation increased by 600.00 per cent at Rs 0.05 crore (Mar'23 Rs -0.01 crore).