Oracle Financial Ser Q1 net profit down 8.43% at Rs 439.25 cr
The company reported standalone net profit of Rs 439.25 crore for the quarter ended June 30, 2022 as compared to Rs 479.69 crore in the same period last year, registering a year-on-year decline of 8.43 per cent. Net revenue of the company rose marginally by 1.69 per cent at Rs 1,058.78 crore in April-June quarter of this fiscal as against Rs 1,041.16 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 21.78 per cent to Rs 487.99 crore from Rs 400.70 crore in year ago period. Other Income grew by 12.84 per cent at Rs 31.55 crore versus (Jun'21 Rs 27.96 crore). Operating Profit slipped by 10.88 per cent to Rs 570.79 crore as against Rs 640.46 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 12.36 per cent in June quarter. Interest declined by 14.42 per cent y-o-y to Rs 0.89 crore, while Taxation decreased by 12.96 per cent at Rs 147.83 crore (Jun'21 Rs 169.85 crore).
