LT Foods Q1 net profit down 4.82% at Rs 31.77 cr
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The company reported standalone net profit of Rs 31.77 crore for the quarter ended June 30, 2022 as compared to Rs 33.38 crore in the same period last year, registering a year-on-year decline of 4.82 per cent. Net revenue of the company rose substantially by 76.72 per cent at Rs 1,048.88 crore in April-June quarter of this fiscal as against Rs 593.51 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 84.96 per cent to Rs 1,000.45 crore from Rs 540.90 crore in year ago period. Other Income grew by 44.83 per cent at Rs 7.14 crore versus (Jun'21 Rs 4.93 crore). Operating Profit slipped by 7.96 per cent to Rs 48.43 crore as against Rs 52.62 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 47.91 per cent in June quarter. Interest grew by 30.79 per cent y-o-y to Rs 5.99 crore, while Taxation decreased by 10.89 per cent at Rs 10.97 crore (Jun'21 Rs 12.31 crore).
