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News Details

Tarmat L Q4 net profit down 62.43% at Rs 2.01 cr

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05/07/2021 16:50
The company reported standalone net profit of Rs 2.01 crore for the quarter ended March 31, 2021 as compared to Rs 5.35 crore in the same period last year, registering a year-on-year decline of 62.43 per cent.

Net revenue of the company declined substantially by 54.61 per cent at Rs 61.66 crore in January-March quarter of this fiscal as against Rs 135.84 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 54.20 per cent to Rs 58.27 crore from Rs 127.22 crore in year ago period.

Other Income dipped by 64.86 per cent at Rs 0.26 crore versus (Mar'20 Rs 0.74 crore).

Operating Profit slipped by 60.67 per cent to Rs 3.39 crore as against Rs 8.62 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 13.25 per cent in March quarter.

Interest grew by 11.47 per cent y-o-y to Rs 2.43 crore, while Taxation decreased by 178.75 per cent at Rs -1.26 crore (Mar'20 Rs 1.60 crore).