Indian Metal & F Q1 net profit up 35.77% at Rs 133.83 cr
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
The company reported standalone net profit of Rs 133.83 crore for the quarter ended June 30, 2022 as compared to Rs 98.57 crore in the same period last year, registering a year-on-year growth of 35.77 per cent. Net revenue of the company rose substantially by 38.22 per cent at Rs 743.42 crore in April-June quarter of this fiscal as against Rs 537.86 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 44.07 per cent to Rs 525.58 crore from Rs 364.81 crore in year ago period. Other Income grew by 72.47 per cent at Rs 6.83 crore versus (Jun'21 Rs 3.96 crore). Operating Profit surged by 25.88 per cent to Rs 217.84 crore as against Rs 173.05 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 8.92 per cent in June quarter. Interest grew by 26.99 per cent y-o-y to Rs 21.50 crore, while Taxation increased by 18.94 per cent at Rs 44.47 crore (Jun'21 Rs 37.39 crore).
