Central Depository Q1 net profit up 21.85% at Rs 89.11 cr
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The company reported standalone net profit of Rs 89.11 crore for the quarter ended June 30, 2022 as compared to Rs 73.13 crore in the same period last year, registering a year-on-year growth of 21.85 per cent. Net revenue of the company rose substantially by 26.03 per cent at Rs 111.76 crore in April-June quarter of this fiscal as against Rs 88.68 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 62.94 per cent to Rs 50.38 crore from Rs 30.92 crore in year ago period.
Other Income grew by 39.50 per cent at Rs 46.05 crore versus (Jun'21 Rs 33.01 crore). Operating Profit surged by 6.29 per cent to Rs 61.38 crore as against Rs 57.75 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 15.68 per cent in June quarter. Taxation decreased by 8.85 per cent at Rs 14.83 crore (Jun'21 Rs 16.27 crore).
