Jindal Drilling Q1 net profit zooms 227.94% at Rs 32.63 cr
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The company reported standalone net profit of Rs 32.63 crore for the quarter ended June 30, 2022 as compared to Rs 9.95 crore in the same period last year, registering a year-on-year growth of 227.94 per cent. Net revenue of the company rose substantially by 33.62 per cent at Rs 132.71 crore in April-June quarter of this fiscal as against Rs 99.32 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 9.89 per cent to Rs 88.54 crore from Rs 80.57 crore in year ago period. Other Income grew by 279.07 per cent at Rs 17.21 crore versus (Jun'21 Rs 4.54 crore). Operating Profit surged by 135.57 per cent to Rs 44.17 crore as against Rs 18.75 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 76.27 per cent in June quarter. Interest declined by 32.41 per cent y-o-y to Rs 1.46 crore, while Taxation increased by 258.57 per cent at Rs 11.51 crore (Jun'21 Rs 3.21 crore).
