Operating margins rose 620 bps to 31.1% during quarter ended Dec20. Operating profit increased 35% to Rs 1019.32 crore. Other income increased 1% to Rs 23.79 crore leading to 34% increase in PBDIT to Rs 1043.11 crore. Interest cost fell 41% to Rs 51.59 crore. Depreciation rose 6% to Rs 137.08 crore. As a result PBT was up 52% at Rs 854.43 crore.

Tax expense stood at Rs 217.05 crore compared to tax expense of Rs 143.27 crore. GSPL reported a 53% increase in bottom-line to Rs 637.38 crore. Further considering share of profit of associates and JV and minority interest net profit rose 48% to Rs 470.45 crore.

For 9MFY21 GSPL reported a 15% decrease in consolidated income from operations to Rs 7768.41 crore compared to corresponding previous year period. Operating margins rose 760 bps to 34.4% leading to 10% increase in operating profit to Rs 2672.51 crore. Other income decreased 19% to Rs 67.28 crore leading to 9% increase in PBDIT to Rs 2739.79 crore. Interest cost fell 36% to Rs 186.06 crore. Depreciation was up 5% to Rs 404.95 crore.

As a result PBT was up 16% at Rs 2148.79 crore. Tax expense stood at Rs 550.29 crore compared to tax expense of Rs 58.16 crore. GSPL reported a 11% decrease in bottom line to Rs 1598.5 crore. Further considering share of profit of associates and JV and minority interest net profit fell 12% to Rs 1190.09 crore.

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