Dollar Industries Q1 net profit up 20.60% at Rs 27.87 cr
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The company reported standalone net profit of Rs 27.87 crore for the quarter ended June 30, 2022 as compared to Rs 23.11 crore in the same period last year, registering a year-on-year growth of 20.60 per cent. Net revenue of the company rose substantially by 76.67 per cent at Rs 361.44 crore in April-June quarter of this fiscal as against Rs 204.58 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 91.56 per cent to Rs 324.22 crore from Rs 169.25 crore in year ago period. Other Income grew by 180.22 per cent at Rs 2.55 crore versus (Jun'21 Rs 0.91 crore). Operating Profit surged by 5.32 per cent to Rs 37.22 crore as against Rs 35.34 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 40.36 per cent in June quarter. Interest grew by 118.25 per cent y-o-y to Rs 2.99 crore, while Taxation decreased by 41.31 per cent at Rs 4.66 crore (Jun'21 Rs 7.94 crore)
