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News Details

Greenlam Industries Q2 net profit up 29.30% at Rs 21.71 cr

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27/10/2021 13:00
The company reported standalone net profit of Rs 21.71 crore for the quarter ended September 30, 2021 as compared to Rs 16.79 crore in the same period last year, registering a year-on-year growth of 29.30 per cent.

Net revenue of the company rose substantially by 59.24 per cent at Rs 423.16 crore in July-September quarter of this fiscal as against Rs 265.74 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 67.55 per cent to Rs 382.85 crore from Rs 228.50 crore in year ago period.

Other Income grew by 295.30 per cent at Rs 5.89 crore versus (Sep'20 Rs 1.49 crore).

Operating Profit surged by 8.24 per cent to Rs 40.31 crore as against Rs 37.24 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 31.98 per cent in September quarter.

Interest declined by 27.29 per cent y-o-y to Rs 3.17 crore, while Taxation increased by 16.78 per cent at Rs 5.29 crore (Sep'20 Rs 4.53 crore).