J Kumar Infraproject Q1 net profit jumps 92.87% at Rs 61.91 cr
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The company reported standalone net profit of Rs 61.91 crore for the quarter ended June 30, 2022 as compared to Rs 32.10 crore in the same period last year, registering a year-on-year growth of 92.87 per cent. Net revenue of the company rose substantially by 47.21 per cent at Rs 993.77 crore in April-June quarter of this fiscal as against Rs 675.06 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 47.57 per cent to Rs 853.39 crore from Rs 578.28 crore in year ago period. Other Income grew by 11.26 per cent at Rs 5.73 crore versus (Jun'21 Rs 5.15 crore).
Operating Profit surged by 45.05 per cent to Rs 140.38 crore as against Rs 96.78 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1.46 per cent in June quarter. Interest grew by 11.53 per cent y-o-y to Rs 24.76 crore, while Taxation increased by 107.16 per cent at Rs 22.00 crore (Jun'21 Rs 10.62 crore).
