Angel One Q1 net profit jumps 51.32% at Rs 178.33 cr
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The company reported standalone net profit of Rs 178.33 crore for the quarter ended June 30, 2022 as compared to Rs 117.85 crore in the same period last year, registering a year-on-year growth of 51.32 per cent. Net revenue of the company rose substantially by 44.97 per cent at Rs 665.00 crore in April-June quarter of this fiscal as against Rs 458.72 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 42.93 per cent to Rs 415.47 crore from Rs 290.68 crore in year ago period.
Other Income grew by 52.29 per cent at Rs 15.32 crore versus (Jun'21 Rs 10.06 crore). Operating Profit surged by 48.49 per cent to Rs 249.53 crore as against Rs 168.04 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 2.43 per cent in June quarter. Interest grew by 20.83 per cent y-o-y to Rs 19.84 crore, while Taxation increased by 51.11 per cent at Rs 60.46 crore (Jun'21 Rs 40.01 crore).
