DCM Shriram Q1 net profit jumps 70.00% at Rs 252.31 cr
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
The company reported standalone net profit of Rs 252.31 crore for the quarter ended June 30, 2022 as compared to Rs 148.42 crore in the same period last year, registering a year-on-year growth of 70.00 per cent. Net revenue of the company rose substantially by 53.71 per cent at Rs 2,908.02 crore in April-June quarter of this fiscal as against Rs 1,891.88 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 51.34 per cent to Rs 2,476.52 crore from Rs 1,636.38 crore in year ago period.
Other Income grew by 63.85 per cent at Rs 28.28 crore versus (Jun'21 Rs 17.26 crore). Operating Profit surged by 60.14 per cent to Rs 431.50 crore as against Rs 269.45 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 4.21 per cent in June quarter. Interest declined by 39.34 per cent y-o-y to Rs 16.59 crore, while Taxation increased by 140.60 per cent at Rs 131.20 crore (Jun'21 Rs 54.53 crore)
