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( As on 28/05/2022 17:10)

Responsive Industrie Q4 net profit zooms 133.77% at Rs 1.80 cr

The company reported standalone net profit of Rs 1.80 crore for the quarter ended March 31, 2022 as compared to Rs 0.77 crore in the same period last year, registering a year-on-year growth of 133.77 per cent.

Net revenue of the company rose substantially by 53.24 per cent at Rs 165.64 crore in January-March quarter of this fiscal as against Rs 108.09 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 59.99 per cent to Rs 151.01 crore from Rs 94.39 crore in year ago period.

Other Income grew by 252.51 per cent at Rs 9.13 crore versus (Mar'21 Rs 2.59 crore).

Operating Profit surged by 6.79 per cent to Rs 14.63 crore as against Rs 13.70 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 30.31 per cent in March quarter.

Interest grew by 182.66 per cent y-o-y to Rs 9.13 crore, while Taxation decreased by 55.94 per cent at Rs 1.41 crore (Mar'21 Rs 3.20 crore).