Filatex India Q1 net profit down 16.78% at Rs 43.39 cr
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The company reported standalone net profit of Rs 43.39 crore for the quarter ended June 30, 2022 as compared to Rs 52.14 crore in the same period last year, registering a year-on-year decline of 16.78 per cent. Net revenue of the company rose substantially by 46.41 per cent at Rs 1,023.29 crore in April-June quarter of this fiscal as against Rs 698.91 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 58.76 per cent to Rs 948.99 crore from Rs 597.75 crore in year ago period. Other Income grew by 157.42 per cent at Rs 6.59 crore versus (Jun'21 Rs 2.56 crore). Operating Profit slipped by 26.55 per cent to Rs 74.30 crore as against Rs 101.16 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 49.83 per cent in June quarter. Interest declined by 53.98 per cent y-o-y to Rs 5.95 crore, while Taxation decreased by 41.10 per cent at Rs 15.09 crore (Jun'21 Rs 25.62 crore).
