Binny Q1 net profit zooms 822.47% at Rs 29.15 cr
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The company reported standalone net profit of Rs 29.15 crore for the quarter ended June 30, 2022 as compared to Rs 3.16 crore in the same period last year, registering a year-on-year growth of 822.47 per cent. Net revenue of the company rose three fold by 1266.01 per cent at Rs 48.63 crore in April-June quarter of this fiscal as against Rs 3.56 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 404.58 per cent to Rs 7.72 crore from Rs 1.53 crore in year ago period. Operating Profit surged by 1915.27 per cent to Rs 40.91 crore as against Rs 2.03 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 47.62 per cent in June quarter. Interest declined by 66.88 per cent y-o-y to Rs 2.05 crore, while Taxation increased by 245.16 per cent at Rs 9.63 crore (Jun'21 Rs 2.79 crore).
