Astec Lifesciences L Q1 net profit down 12.18% at Rs 11.39 cr
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The company reported standalone net profit of Rs 11.39 crore for the quarter ended June 30, 2022 as compared to Rs 12.97 crore in the same period last year, registering a year-on-year decline of 12.18 per cent. Net revenue of the company rose substantially by 43.22 per cent at Rs 184.27 crore in April-June quarter of this fiscal as against Rs 128.66 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 52.73 per cent to Rs 158.81 crore from Rs 103.98 crore in year ago period.
Other Income grew by 238.75 per cent at Rs 2.71 crore versus (Jun'21 Rs 0.80 crore). Operating Profit surged by 3.16 per cent to Rs 25.45 crore as against Rs 24.67 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 28.00 per cent in June quarter. Interest grew by 155.19 per cent y-o-y to Rs 3.93 crore, while Taxation decreased by 12.16 per cent at Rs 3.90 crore (Jun'21 Rs 4.44 crore).
