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( As on 23/06/2022 18:40)

Aarvi Encon Q4 net profit up 7.01% at Rs 2.90 cr

The company reported standalone net profit of Rs 2.90 crore for the quarter ended March 31, 2022 as compared to Rs 2.71 crore in the same period last year, registering a year-on-year growth of 7.01 per cent.

Net revenue of the company rose substantially by 49.64 per cent at Rs 82.60 crore in January-March quarter of this fiscal as against Rs 55.20 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 49.55 per cent to Rs 79.44 crore from Rs 53.12 crore in year ago period.

Other Income dipped by 47.46 per cent at Rs 0.31 crore versus (Mar'21 Rs 0.59 crore).

Operating Profit surged by 51.20 per cent to Rs 3.16 crore as against Rs 2.09 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 1.32 per cent in March quarter.

Interest grew by 100.00 per cent y-o-y to Rs 0.28 crore, while Taxation increased by 117.07 per cent at Rs 0.07 crore (Mar'21 Rs -0.41 crore).