Crisil Q2 net profit down 0.97% at Rs 92.70 cr
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The company reported standalone net profit of Rs 92.70 crore for the quarter ended June 30, 2022 as compared to Rs 93.61 crore in the same period last year, registering a year-on-year decline of 0.97 per cent. Net revenue of the company rose substantially by 30.61 per cent at Rs 329.58 crore in April-June quarter of this fiscal as against Rs 252.34 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 43.69 per cent to Rs 277.59 crore from Rs 193.19 crore in year ago period.
Other Income grew by 3.09 per cent at Rs 70.37 crore versus (Jun'21 Rs 68.26 crore). Operating Profit slipped by 12.10 per cent to Rs 51.99 crore as against Rs 59.15 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 32.72 per cent in June quarter. Interest declined by 41.94 per cent y-o-y to Rs 1.08 crore, while Taxation decreased by 14.58 per cent at Rs 15.76 crore (Jun'21 Rs 18.45 crore).
