News Details
Category : Company
Headline : IVP Q4 net profit jumps 95.17% at Rs 7.28 cr
Date: 17/05/2022 17:30
The company reported standalone net profit of Rs 7.28 crore for the quarter ended March 31, 2022 as compared to Rs 3.73 crore in the same period last year, registering a year-on-year growth of 95.17 per cent.

Net revenue of the company rose substantially by 46.88 per cent at Rs 173.39 crore in January-March quarter of this fiscal as against Rs 118.05 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 45.67 per cent to Rs 160.59 crore from Rs 110.24 crore in year ago period.

Other Income grew by 23.19 per cent at Rs 0.85 crore versus (Mar'21 Rs 0.69 crore).

Operating Profit surged by 63.89 per cent to Rs 12.80 crore as against Rs 7.81 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 11.48 per cent in March quarter.

Interest grew by 59.77 per cent y-o-y to Rs 2.78 crore, while Taxation increased by 29.21 per cent at Rs 2.30 crore (Mar'21 Rs 1.78 crore).