Dhanuka Agritech Ltd Q2 net profit up 15.21% at Rs 73.02 cr
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The company reported standalone net profit of Rs 73.02 crore for the quarter ended September 30, 2022 as compared to Rs 63.38 crore in the same period last year, registering a year-on-year growth of 15.21 per cent. Net revenue of the company rose substantially by 23.72 per cent at Rs 542.90 crore in July-September quarter of this fiscal as against Rs 438.83 crore in the corresponding period last year. During July-September quarter, operating expenses increased by 24.87 per cent to Rs 445.38 crore from Rs 356.67 crore in year ago period. Other Income dipped by 20.63 per cent at Rs 5.50 crore versus (Sep'21 Rs 6.93 crore). Operating Profit surged by 18.70 per cent to Rs 97.52 crore as against Rs 82.16 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 4.06 per cent in September quarter. Interest grew by 13.04 per cent y-o-y to Rs 0.78 crore, while Taxation increased by 19.04 per cent at Rs 24.95 crore (Sep'21 Rs 20.96 crore).
