Laxmi Organic Indust Q1 net profit down 38.34% at Rs 60.85 cr
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The company reported standalone net profit of Rs 60.85 crore for the quarter ended June 30, 2022 as compared to Rs 98.68 crore in the same period last year, registering a year-on-year decline of 38.34 per cent. Net revenue of the company rose moderately by 16.52 per cent at Rs 803.67 crore in April-June quarter of this fiscal as against Rs 689.73 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 29.11 per cent to Rs 713.99 crore from Rs 553.01 crore in year ago period.
Other Income dipped by 11.15 per cent at Rs 4.86 crore versus (Jun'21 Rs 5.47 crore). Operating Profit slipped by 34.41 per cent to Rs 89.68 crore as against Rs 136.72 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 43.69 per cent in June quarter. Interest declined by 21.91 per cent y-o-y to Rs 1.96 crore, while Taxation decreased by 35.51 per cent at Rs 19.63 crore (Jun'21 Rs 30.44 crore).
