Indo Borax Q1 net profit up 31.19% at Rs 12.87 cr
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The company reported standalone net profit of Rs 12.87 crore for the quarter ended June 30, 2022 as compared to Rs 9.81 crore in the same period last year, registering a year-on-year growth of 31.19 per cent. Net revenue of the company rose moderately by 19.99 per cent at Rs 52.52 crore in April-June quarter of this fiscal as against Rs 43.77 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 21.98 per cent to Rs 37.57 crore from Rs 30.80 crore in year ago period.
Other Income grew by 26.23 per cent at Rs 0.77 crore versus (Jun'21 Rs 0.61 crore). Operating Profit surged by 15.27 per cent to Rs 14.95 crore as against Rs 12.97 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 3.95 per cent in June quarter. Taxation increased by 16.81 per cent at Rs 4.10 crore (Jun'21 Rs 3.51 crore).
