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News Details

HSIL Q4 net profit zooms 876.92% at Rs 33.02 cr

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10/05/2021 18:50
The company reported standalone net profit of Rs 33.02 crore for the quarter ended March 31, 2021 as compared to Rs 3.38 crore in the same period last year, registering a year-on-year growth of 876.92 per cent.

Net revenue of the company rose substantially by 37.35 per cent at Rs 633.21 crore in January-March quarter of this fiscal as against Rs 461.03 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 31.93 per cent to Rs 536.54 crore from Rs 406.69 crore in year ago period.

Other Income dipped by 29.44 per cent at Rs 5.01 crore versus (Mar'20 Rs 7.10 crore).

Operating Profit surged by 77.90 per cent to Rs 96.67 crore as against Rs 54.34 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 29.52 per cent in March quarter.

Interest declined by 19.01 per cent y-o-y to Rs 14.91 crore, while Taxation increased by 463.57 per cent at Rs 23.67 crore (Mar'20 Rs 4.20 crore).