Esab India Q1 net profit zooms 183.82% at Rs 20.35 cr
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The company reported standalone net profit of Rs 20.35 crore for the quarter ended June 30, 2021 as compared to Rs 7.17 crore in the same period last year, registering a year-on-year growth of 183.82 per cent. Net revenue of the company rose substantially by 45.75 per cent at Rs 181.18 crore in April-June quarter of this fiscal as against Rs 124.31 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 33.70 per cent to Rs 153.07 crore from Rs 114.49 crore in year ago period. Other Income dipped by 34.45 per cent at Rs 1.96 crore versus (Jun'20 Rs 2.99 crore).
Operating Profit surged by 186.25 per cent to Rs 28.11 crore as against Rs 9.82 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 96.33 per cent in June quarter. Interest declined by 16.67 per cent y-o-y to Rs 0.10 crore, while Taxation increased by 185.77 per cent at Rs 6.83 crore (Jun'20 Rs 2.39 crore).
