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( As on 02/05/2024 07:00)

Vardhman Special St Q4 net profit zooms 139.69% at Rs 32.79 cr

The company reported standalone net profit of Rs 32.79 crore for the quarter ended March 31, 2024 as compared to Rs 13.68 crore in the same period last year, registering a year-on-year growth of 139.69 per cent.

Net revenue of the company rose marginally by 4.12 per cent at Rs 439.41 crore in January-March quarter of this fiscal as against Rs 422.04 crore in the corresponding period last year.

During January-March quarter, operating expenses dropped by 1.76 per cent to Rs 390.58 crore from Rs 397.57 crore in year ago period.

Other Income grew by 67.50 per cent at Rs 8.71 crore versus (Mar'23 Rs 5.20 crore).

Operating Profit surged by 99.59 per cent to Rs 48.84 crore as against Rs 24.47 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 91.55 per cent in March quarter.

Interest grew by 2.42 per cent y-o-y to Rs 4.66 crore, while Taxation increased by 155.17 per cent at Rs 11.10 crore (Mar'23 Rs 4.35 crore).