Greenlam Industries Q1 net profit up 34.94% at Rs 20.12 cr
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The company reported standalone net profit of Rs 20.12 crore for the quarter ended June 30, 2022 as compared to Rs 14.91 crore in the same period last year, registering a year-on-year growth of 34.94 per cent. Net revenue of the company rose substantially by 40.62 per cent at Rs 430.64 crore in April-June quarter of this fiscal as against Rs 306.25 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 41.95 per cent to Rs 387.47 crore from Rs 272.96 crore in year ago period. Other Income grew by 32.45 per cent at Rs 2.49 crore versus (Jun'21 Rs 1.88 crore).
Operating Profit surged by 29.68 per cent to Rs 43.17 crore as against Rs 33.29 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 7.82 per cent in June quarter. Interest grew by 60.75 per cent y-o-y to Rs 5.16 crore, while Taxation increased by 76.17 per cent at Rs 6.80 crore (Jun'21 Rs 3.86 crore).
