AGI Infra Q1 net profit jumps 76.32% at Rs 11.02 cr
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The company reported standalone net profit of Rs 11.02 crore for the quarter ended June 30, 2022 as compared to Rs 6.25 crore in the same period last year, registering a year-on-year growth of 76.32 per cent. Net revenue of the company rose substantially by 46.14 per cent at Rs 55.68 crore in April-June quarter of this fiscal as against Rs 38.10 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 43.71 per cent to Rs 41.59 crore from Rs 28.94 crore in year ago period.
Other Income grew by 136.73 per cent at Rs 1.16 crore versus (Jun'21 Rs 0.49 crore). Operating Profit surged by 53.93 per cent to Rs 14.10 crore as against Rs 9.16 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 5.24 per cent in June quarter. Interest declined by 8.11 per cent y-o-y to Rs 1.02 crore, while Taxation increased by 77.27 per cent at Rs 2.34 crore (Jun'21 Rs 1.32 crore).
