Indo Count Inds. Q1 net profit down 17.52% at Rs 95.69 cr
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The company reported standalone net profit of Rs 95.69 crore for the quarter ended June 30, 2022 as compared to Rs 116.01 crore in the same period last year, registering a year-on-year decline of 17.52 per cent. Net revenue of the company rose by 5.01 per cent at Rs 775.37 crore in April-June quarter of this fiscal as against Rs 738.37 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 4.70 per cent to Rs 637.48 crore from Rs 608.86 crore in year ago period.
Other Income dipped by 58.34 per cent at Rs 18.90 crore versus (Jun'21 Rs 45.37 crore). Operating Profit surged by 6.47 per cent to Rs 137.89 crore as against Rs 129.51 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 1.37 per cent in June quarter. Interest grew by 21.12 per cent y-o-y to Rs 12.96 crore, while Taxation decreased by 16.54 per cent at Rs 32.39 crore (Jun'21 Rs 38.81 crore).
