KEI Industries Q1 net profit jumps 54.63% at Rs 103.77 cr
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The company reported standalone net profit of Rs 103.77 crore for the quarter ended June 30, 2022 as compared to Rs 67.11 crore in the same period last year, registering a year-on-year growth of 54.63 per cent. Net revenue of the company rose substantially by 53.84 per cent at Rs 1,565.41 crore in April-June quarter of this fiscal as against Rs 1,017.56 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 55.53 per cent to Rs 1,405.78 crore from Rs 903.84 crore in year ago period. Other Income grew by 26.98 per cent at Rs 3.53 crore versus (Jun'21 Rs 2.78 crore). Operating Profit surged by 40.37 per cent to Rs 159.63 crore as against Rs 113.72 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 8.77 per cent in June quarter. Interest declined by 19.18 per cent y-o-y to Rs 9.23 crore, while Taxation increased by 50.46 per cent at Rs 36.29 crore (Jun'21 Rs 24.12 crore).
