News Details

( As on 25/04/2024 20:30)

Himadri Speciality Q4 net profit jumps 49.39% at Rs 114.61 cr

The company reported standalone net profit of Rs 114.61 crore for the quarter ended March 31, 2024 as compared to Rs 76.72 crore in the same period last year, registering a year-on-year growth of 49.39 per cent.

Net revenue of the company rose moderately by 14.39 per cent at Rs 1,176.95 crore in January-March quarter of this fiscal as against Rs 1,028.90 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 10.59 per cent to Rs 999.53 crore from Rs 903.81 crore in year ago period.

Other Income grew by 17.54 per cent at Rs 12.40 crore versus (Mar'23 Rs 10.55 crore).

Operating Profit surged by 41.83 per cent to Rs 177.42 crore as against Rs 125.09 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 23.93 per cent in March quarter.

Interest grew by 2.74 per cent y-o-y to Rs 13.52 crore, while Taxation increased by 45.95 per cent at Rs 49.61 crore (Mar'23 Rs 33.99 crore).