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Category :
Company News
Headline :
Taparia Tools Q3 net profit jumps 46.24% at Rs 28.21 cr
Date:
13/02/2024 14:11
The company reported standalone net profit of Rs 28.21 crore for the quarter ended December 31, 2023 as compared to Rs 19.29 crore in the same period last year, registering a year-on-year growth of 46.24 per cent.
Net revenue of the company rose moderately by 7.89 per cent at Rs 208.58 crore in October-December quarter of this fiscal as against Rs 193.32 crore in the corresponding period last year.
During October-December quarter, operating expenses increased by 2.78 per cent to Rs 173.04 crore from Rs 168.36 crore in year ago period.
Other Income grew by 82.01 per cent at Rs 2.53 crore versus (Dec'22 Rs 1.39 crore).
Operating Profit surged by 42.39 per cent to Rs 35.54 crore as against Rs 24.96 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 31.99 per cent in December quarter.
Interest declined by 60.00 per cent y-o-y to Rs 0.04 crore, while Taxation increased by 48.04 per cent at Rs 9.46 crore (Dec'22 Rs 6.39 crore).
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