Ethos Q1 net profit zooms 1287.91% at Rs 12.63 cr
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The company reported standalone net profit of Rs 12.63 crore for the quarter ended June 30, 2022 as compared to Rs 0.91 crore in the same period last year, registering a year-on-year growth of 1287.91 per cent. Net revenue of the company rose substantially by 95.14 per cent at Rs 173.56 crore in April-June quarter of this fiscal as against Rs 88.94 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 78.50 per cent to Rs 146.53 crore from Rs 82.09 crore in year ago period. Other Income dipped by 56.81 per cent at Rs 2.22 crore versus (Jun'21 Rs 5.14 crore). Operating Profit surged by 294.02 per cent to Rs 27.03 crore as against Rs 6.86 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 102.08 per cent in June quarter. Interest grew by 15.26 per cent y-o-y to Rs 4.23 crore, while Taxation increased by 836.96 per cent at Rs 4.31 crore (Jun'21 Rs 0.46 crore).
