DB Corp Q2 net profit jumps 88.43% at Rs 53.74 cr
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
The company reported standalone net profit of Rs 53.74 crore for the quarter ended September 30, 2021 as compared to Rs 28.52 crore in the same period last year, registering a year-on-year growth of 88.43 per cent. Net revenue of the company rose substantially by 29.00 per cent at Rs 446.80 crore in July-September quarter of this fiscal as against Rs 346.37 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 25.64 per cent to Rs 345.85 crore from Rs 275.27 crore in year ago period. Other Income grew by 30.88 per cent at Rs 4.45 crore versus (Sep'20 Rs 3.40 crore). Operating Profit surged by 42.00 per cent to Rs 100.95 crore as against Rs 71.09 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 10.03 per cent in September quarter. Interest declined by 31.06 per cent y-o-y to Rs 4.75 crore, while Taxation increased by 88.00 per cent at Rs 19.27 crore (Sep'20 Rs 10.25 crore).
