Bajaj Holdings & Inv Q1 net profit down 11.56% at Rs 43.21 cr
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The company reported standalone net profit of Rs 43.21 crore for the quarter ended June 30, 2022 as compared to Rs 48.86 crore in the same period last year, registering a year-on-year decline of 11.56 per cent. Net revenue of the company declined moderately by 7.56 per cent at Rs 83.96 crore in April-June quarter of this fiscal as against Rs 90.83 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 27.53 per cent to Rs 32.10 crore from Rs 25.17 crore in year ago period. Other Income dipped by 0.85 per cent at Rs 12.79 crore versus (Jun'21 Rs 12.90 crore). Operating Profit slipped by 21.02 per cent to Rs 51.86 crore as against Rs 65.66 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 14.55 per cent in June quarter. Interest declined by 15.38 per cent y-o-y to Rs 0.66 crore, while Taxation decreased by 38.90 per cent at Rs 12.83 crore (Jun'21 Rs 21.00 crore).
