Finolex Industries Q1 net profit down 31.82% at Rs 100.09 cr
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The company reported standalone net profit of Rs 100.09 crore for the quarter ended June 30, 2022 as compared to Rs 146.80 crore in the same period last year, registering a year-on-year decline of 31.82 per cent. Net revenue of the company rose substantially by 23.20 per cent at Rs 1,189.81 crore in April-June quarter of this fiscal as against Rs 965.72 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 40.69 per cent to Rs 1,063.90 crore from Rs 756.21 crore in year ago period. Other Income grew by 63.32 per cent at Rs 25.07 crore versus (Jun'21 Rs 15.35 crore). Operating Profit slipped by 39.90 per cent to Rs 125.91 crore as against Rs 209.51 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 51.22 per cent in June quarter. Interest grew by 138.03 per cent y-o-y to Rs 11.33 crore, while Taxation decreased by 65.78 per cent at Rs 18.22 crore (Jun'21 Rs 53.24 crore). |
