EIH posts Q1 net profit of Rs 42.41 cr
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The company reported standalone net profit during the quarter stood at Rs 42.41 crore compared to net loss of Rs 93.09 crore in the previous year quarter. Net revenue of the company rose three fold by 331.59 per cent at Rs 342.38 crore in April-June quarter of this fiscal as against Rs 79.33 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 49.13 per cent to Rs 263.17 crore from Rs 176.47 crore in year ago period. Other Income grew by 34.13 per cent at Rs 14.58 crore versus (Jun'21 Rs 10.87 crore). Operating Profit surged by 181.54 per cent to Rs 79.21 crore as against Rs -97.14 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 118.90 per cent in June quarter. Interest grew by 5.81 per cent y-o-y to Rs 8.20 crore, while Taxation increased by 148.47 per cent at Rs 14.28 crore (Jun'21 Rs -29.46 crore).
