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( 17 May 2022)
Indoco Remedies Q4 net profit jumps 62.06% at Rs 40.37 cr

The company reported standalone net profit of Rs 40.37 crore for the quarter ended March 31, 2022 as compared to Rs 24.91 crore in the same period last year, registering a year-on-year growth of 62.06 per cent.

Net revenue of the company rose substantially by 35.77 per cent at Rs 400.27 crore in January-March quarter of this fiscal as against Rs 294.81 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 31.22 per cent to Rs 328.41 crore from Rs 250.28 crore in year ago period.

Other Income dipped by 85.28 per cent at Rs 0.29 crore versus (Mar'21 Rs 1.97 crore).

Operating Profit surged by 47.46 per cent to Rs 80.47 crore as against Rs 54.57 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 8.59 per cent in March quarter.

Interest declined by 33.19 per cent y-o-y to Rs 3.04 crore, while Taxation increased by 126.11 per cent at Rs 19.31 crore (Mar'21 Rs 8.54 crore).