Eureka Forbes posts Q1 net profit of Rs 17.83 cr
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The company reported standalone net profit during the quarter stood at Rs 17.83 crore compared to net loss of Rs 0.19 crore in the previous year quarter. Net revenue of the company rose three fold by 46787.50 per cent at Rs 525.14 crore in April-June quarter of this fiscal as against Rs 1.12 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 38477.60 per cent to Rs 482.22 crore from Rs 1.25 crore in year ago period.
Other Income grew by 10300.00 per cent at Rs 1.04 crore versus (Jun'21 Rs 0.01 crore). Operating Profit surged by 33115.38 per cent to Rs 42.92 crore as against Rs -0.13 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 170.86 per cent in June quarter. Interest grew by 15525.00 per cent y-o-y to Rs 6.25 crore, while Taxation increased by 0.00 per cent at Rs 6.60 crore (Jun'21 Rs 0.00 crore).
