Deepak Nitrite Ltd. Q1 net profit down 28.01% at Rs 97.13 cr
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The company reported standalone net profit of Rs 97.13 crore for the quarter ended June 30, 2022 as compared to Rs 134.92 crore in the same period last year, registering a year-on-year decline of 28.01 per cent. Net revenue of the company rose substantially by 38.45 per cent at Rs 729.98 crore in April-June quarter of this fiscal as against Rs 527.25 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 53.40 per cent to Rs 590.76 crore from Rs 385.10 crore in year ago period. Other Income dipped by 78.17 per cent at Rs 9.49 crore versus (Jun'21 Rs 43.47 crore). Operating Profit slipped by 2.06 per cent to Rs 139.22 crore as against Rs 142.15 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 29.27 per cent in June quarter. Interest grew by 0.00 per cent y-o-y to Rs 0.32 crore, while Taxation increased by 1.64 per cent at Rs 33.41 crore (Jun'21 Rs 32.87 crore).
