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News Details

Sangam Renewables posts Q4 net profit of Rs 2.39 cr

Back
11/05/2021 11:00
The company reported standalone net profit during the quarter stood at Rs 2.39 crore compared to net loss of Rs 0.41 crore in the previous year quarter.

Net revenue of the company rose three fold by 3907.14 per cent at Rs 5.61 crore in January-March quarter of this fiscal as against Rs 0.14 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 452.00 per cent to Rs 2.76 crore from Rs 0.50 crore in year ago period.

Other Income dipped by 11.76 per cent at Rs 0.75 crore versus (Mar'20 Rs 0.85 crore).

Operating Profit surged by 914.29 per cent to Rs 2.85 crore as against Rs -0.35 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 120.19 per cent in March quarter.

Interest grew by 3.53 per cent y-o-y to Rs 0.88 crore, while Taxation increased by 2700.00 per cent at Rs 0.28 crore (Mar'20 Rs 0.01 crore).