IP Rings turns ₹4.09 cr. profit in Q4

IP Rings Ltd. reported a standalone net profit of ₹4.09 crore for Q4 FY21 on account of a substantial rise in revenue. It had incurred a loss of ₹1.09 crore in Q4FY20. The first quarter was a complete washout and from second quarter onwards, IPRL posted a revenue of almost ₹25 crore each, said an official. Revenue from operations rose 69% to ₹76 crore. The board declared a dividend of ₹1.50 per share. FY22 looks promising with new orders from European and North American clients, said Ram Venkataramani, MD.

Our code of editorial values

This article is closed for comments.
Please Email the Editor

Printable version | Aug 3, 2021 10:41:10 PM |

Next Story