Aditya Birla SL AMC Q1 net profit down 32.93% at Rs 101.52 cr
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The company reported standalone net profit of Rs 101.52 crore for the quarter ended June 30, 2022 as compared to Rs 151.37 crore in the same period last year, registering a year-on-year decline of 32.93 per cent. Net revenue of the company rose marginally by 1.30 per cent at Rs 299.01 crore in April-June quarter of this fiscal as against Rs 295.16 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 2.69 per cent to Rs 119.02 crore from Rs 115.90 crore in year ago period.
Other Income dipped by 193.14 per cent at Rs -30.80 crore versus (Jun'21 Rs 33.07 crore). Operating Profit surged by 0.41 per cent to Rs 179.99 crore as against Rs 179.26 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 0.89 per cent in June quarter. Interest declined by 16.42 per cent y-o-y to Rs 1.12 crore, while Taxation decreased by 25.46 per cent at Rs 37.97 crore (Jun'21 Rs 50.94 crore).
