Carborundum Uni. Q1 net profit up 15.53% at Rs 72.84 cr
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The company reported standalone net profit of Rs 72.84 crore for the quarter ended June 30, 2022 as compared to Rs 63.05 crore in the same period last year, registering a year-on-year growth of 15.53 per cent. Net revenue of the company rose substantially by 29.14 per cent at Rs 600.38 crore in April-June quarter of this fiscal as against Rs 464.92 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 29.95 per cent to Rs 504.21 crore from Rs 387.99 crore in year ago period.
Other Income dipped by 18.48 per cent at Rs 12.53 crore versus (Jun'21 Rs 15.37 crore). Operating Profit surged by 25.25 per cent to Rs 102.43 crore as against Rs 81.78 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 3.01 per cent in June quarter. Interest grew by 7966.67 per cent y-o-y to Rs 2.42 crore, while Taxation increased by 26.76 per cent at Rs 22.88 crore (Jun'21 Rs 18.05 crore).
