Chemfab Alkalis Q1 net profit zooms 601.31% at Rs 21.46 cr
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The company reported standalone net profit of Rs 21.46 crore for the quarter ended June 30, 2022 as compared to Rs 3.06 crore in the same period last year, registering a year-on-year growth of 601.31 per cent. Net revenue of the company rose triple digit by 108.57 per cent at Rs 98.11 crore in April-June quarter of this fiscal as against Rs 47.04 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 62.15 per cent to Rs 62.59 crore from Rs 38.60 crore in year ago period. Other Income dipped by 64.25 per cent at Rs 0.64 crore versus (Jun'21 Rs 1.79 crore). Operating Profit surged by 320.85 per cent to Rs 35.52 crore as against Rs 8.44 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 101.84 per cent in June quarter. Interest declined by 76.92 per cent y-o-y to Rs 0.12 crore, while Taxation increased by 545.19 per cent at Rs 8.71 crore (Jun'21 Rs 1.35 crore).
