Gufic BioSciences Lt posts Q1 net profit of Rs 31.21 cr
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The company reported standalone net profit during the quarter stood at Rs 31.21 crore compared to net loss of Rs 3.75 crore in the previous year quarter. Net revenue of the company rose three fold by 363.17 per cent at Rs 250.76 crore in April-June quarter of this fiscal as against Rs 54.14 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 274.70 per cent to Rs 205.11 crore from Rs 54.74 crore in year ago period.
Other Income grew by 24.24 per cent at Rs 1.23 crore versus (Jun'20 Rs 0.99 crore). Operating Profit surged by 7837.29 per cent to Rs 45.65 crore as against Rs -0.59 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1769.72 per cent in June quarter. Interest declined by 62.42 per cent y-o-y to Rs 1.21 crore, while Taxation increased by 859.56 per cent at Rs 10.33 crore (Jun'20 Rs -1.36 crore).
