Delta Corp posts Q1 net profit of Rs 46.27 cr
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The company reported standalone net profit during the quarter stood at Rs 46.27 crore compared to net loss of Rs 11.63 crore in the previous year quarter. Net revenue of the company rose three fold by 423.22 per cent at Rs 151.21 crore in April-June quarter of this fiscal as against Rs 28.90 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 84.23 per cent to Rs 83.29 crore from Rs 45.21 crore in year ago period. Other Income dipped by 24.95 per cent at Rs 3.79 crore versus (Jun'21 Rs 5.05 crore).
Operating Profit surged by 516.43 per cent to Rs 67.92 crore as against Rs -16.31 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 179.59 per cent in June quarter. Interest grew by 381.82 per cent y-o-y to Rs 0.53 crore, while Taxation increased by 547.04 per cent at Rs 16.63 crore (Jun'21 Rs -3.72 crore).
