Brigade Enterprises Q1 net profit zooms 403.39% at Rs 114.42 cr
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The company reported standalone net profit of Rs 114.42 crore for the quarter ended June 30, 2022 as compared to Rs 22.73 crore in the same period last year, registering a year-on-year growth of 403.39 per cent. Net revenue of the company rose triple digit by 160.53 per cent at Rs 624.33 crore in April-June quarter of this fiscal as against Rs 239.64 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 175.18 per cent to Rs 486.69 crore from Rs 176.86 crore in year ago period.
Other Income grew by 35.05 per cent at Rs 36.99 crore versus (Jun'21 Rs 27.39 crore). Operating Profit surged by 119.24 per cent to Rs 137.64 crore as against Rs 62.78 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 15.84 per cent in June quarter. Interest declined by 18.07 per cent y-o-y to Rs 32.24 crore, while Taxation increased by 378.56 per cent at Rs 39.29 crore (Jun'21 Rs 8.21 crore).
