Aptus Value Housing Q2 net profit up 29.86% at Rs 69.14 cr
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The company reported standalone net profit of Rs 69.14 crore for the quarter ended September 30, 2021 as compared to Rs 53.24 crore in the same period last year, registering a year-on-year growth of 29.86 per cent. Net revenue of the company rose substantially by 25.45 per cent at Rs 163.48 crore in July-September quarter of this fiscal as against Rs 130.31 crore in the corresponding period last year. During July-September quarter, operating expenses increased by 60.79 per cent to Rs 32.56 crore from Rs 20.25 crore in year ago period. Other Income grew by 94.43 per cent at Rs 5.93 crore versus (Sep'20 Rs 3.05 crore).
Operating Profit surged by 18.96 per cent to Rs 130.91 crore as against Rs 110.05 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 5.19 per cent in September quarter. Interest grew by 7.71 per cent y-o-y to Rs 47.50 crore, while Taxation increased by 30.29 per cent at Rs 18.67 crore (Sep'20 Rs 14.33 crore).
