Gujarat Fluorochem Q1 net profit jumps 89.76% at Rs 277.79 cr
The company reported standalone net profit of Rs 277.79 crore for the quarter ended June 30, 2022 as compared to Rs 146.39 crore in the same period last year, registering a year-on-year growth of 89.76 per cent. Net revenue of the company rose substantially by 49.94 per cent at Rs 1,258.20 crore in April-June quarter of this fiscal as against Rs 839.13 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 40.53 per cent to Rs 840.74 crore from Rs 598.26 crore in year ago period. Other Income grew by 3.44 per cent at Rs 27.35 crore versus (Jun'21 Rs 26.44 crore). Operating Profit surged by 73.31 per cent to Rs 417.46 crore as against Rs 240.87 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 15.61 per cent in June quarter. Interest declined by 9.98 per cent y-o-y to Rs 21.65 crore, while Taxation increased by 85.49 per cent at Rs 94.73 crore (Jun'21 Rs 51.07 crore).