Diamines and Chemicals Ltd Q1 net profit zooms 196.51% at Rs 11.03 cr
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The company reported standalone net profit of Rs 11.03 crore for the quarter ended June 30, 2022 as compared to Rs 3.72 crore in the same period last year, registering a year-on-year growth of 196.51 per cent. Net revenue of the company rose substantially by 55.33 per cent at Rs 23.02 crore in April-June quarter of this fiscal as against Rs 14.82 crore in the corresponding period last year.
During April-June quarter, operating expenses dropped by 19.73 per cent to Rs 8.34 crore from Rs 10.39 crore in year ago period. Other Income grew by 14.29 per cent at Rs 0.56 crore versus (Jun'21 Rs 0.49 crore). Operating Profit surged by 231.60 per cent to Rs 14.69 crore as against Rs 4.43 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 113.63 per cent in June quarter. Interest grew by 300.00 per cent y-o-y to Rs 0.04 crore, while Taxation increased by 389.61 per cent at Rs 3.77 crore (Jun'21 Rs 0.77 crore).
