Deepak Fertilisers Q1 net profit zooms 117.56% at Rs 100.73 cr
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The company reported standalone net profit of Rs 100.73 crore for the quarter ended June 30, 2022 as compared to Rs 46.30 crore in the same period last year, registering a year-on-year growth of 117.56 per cent. Net revenue of the company declined moderately by 12.16 per cent at Rs 592.83 crore in April-June quarter of this fiscal as against Rs 674.90 crore in the corresponding period last year. During April-June quarter, operating expenses dropped by 22.66 per cent to Rs 455.69 crore from Rs 589.23 crore in year ago period.
Other Income grew by 83.24 per cent at Rs 28.86 crore versus (Jun'21 Rs 15.75 crore). Operating Profit surged by 60.08 per cent to Rs 137.14 crore as against Rs 85.67 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 82.27 per cent in June quarter. Interest declined by 26.81 per cent y-o-y to Rs 16.19 crore, while Taxation increased by 116.10 per cent at Rs 33.56 crore (Jun'21 Rs 15.53 crore).
