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News Details

Foseco India Lim Q3 net profit jumps 76.77% at Rs 8.98 cr

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29/10/2021 15:30
The company reported standalone net profit of Rs 8.98 crore for the quarter ended September 30, 2021 as compared to Rs 5.08 crore in the same period last year, registering a year-on-year growth of 76.77 per cent.

Net revenue of the company rose substantially by 26.13 per cent at Rs 86.97 crore in July-September quarter of this fiscal as against Rs 68.95 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 21.48 per cent to Rs 74.54 crore from Rs 61.36 crore in year ago period.

Other Income grew by 11.24 per cent at Rs 0.99 crore versus (Sep'20 Rs 0.89 crore).

Operating Profit surged by 63.64 per cent to Rs 12.42 crore as against Rs 7.59 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 29.70 per cent in September quarter.

Taxation increased by 59.56 per cent at Rs 2.92 crore (Sep'20 Rs 1.83 crore).