Elantas Beck India Ltd Q1 net profit up 30.85% at Rs 23.71 cr
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The company reported standalone net profit of Rs 23.71 crore for the quarter ended March 31, 2022 as compared to Rs 18.12 crore in the same period last year, registering a year-on-year growth of 30.85 per cent. Net revenue of the company rose substantially by 21.06 per cent at Rs 156.27 crore in January-March quarter of this fiscal as against Rs 129.08 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 21.60 per cent to Rs 126.06 crore from Rs 103.67 crore in year ago period.
Other Income grew by 84.52 per cent at Rs 4.41 crore versus (Mar'21 Rs 2.39 crore). Operating Profit surged by 18.89 per cent to Rs 30.21 crore as against Rs 25.41 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1.83 per cent in March quarter. Interest grew by 32.00 per cent y-o-y to Rs 0.33 crore, while Taxation increased by 14.94 per cent at Rs 7.54 crore (Mar'21 Rs 6.56 crore).
