Published on 11/08/2022 4:57:39 PM | Source: Dion Global Solutions Ltd

Page Industries Q1 net profit zooms 1790.78% at Rs 207.04 cr

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The company reported standalone net profit of Rs 207.04 crore for the quarter ended June 30, 2022 as compared to Rs 10.95 crore in the same period last year, registering a year-on-year growth of 1790.78 per cent. Net revenue of the company rose triple digit by 167.43 per cent at Rs 1,341.27 crore in April-June quarter of this fiscal as against Rs 501.54 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 123.28 per cent to Rs 1,043.46 crore from Rs 467.33 crore in year ago period. Other Income dipped by 7.58 per cent at Rs 3.29 crore versus (Jun'21 Rs 3.56 crore). Operating Profit surged by 770.79 per cent to Rs 297.81 crore as against Rs 34.20 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 225.51 per cent in June quarter. Interest grew by 16.05 per cent y-o-y to Rs 8.53 crore, while Taxation increased by 1791.32 per cent at Rs 67.52 crore (Jun'21 Rs 3.57 crore).