Lohia Securities Ltd Q1 net profit zooms 136.73% at Rs 14.18 cr
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The company reported standalone net profit of Rs 14.18 crore for the quarter ended June 30, 2022 as compared to Rs 5.99 crore in the same period last year, registering a year-on-year growth of 136.73 per cent. Net revenue of the company rose marginally by 4.24 per cent at Rs 64.91 crore in April-June quarter of this fiscal as against Rs 62.27 crore in the corresponding period last year.
During April-June quarter, operating expenses dropped by 19.06 per cent to Rs 45.01 crore from Rs 55.61 crore in year ago period. Operating Profit surged by 196.73 per cent to Rs 19.94 crore as against Rs 6.72 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 184.71 per cent in June quarter. Interest grew by 31.82 per cent y-o-y to Rs 0.87 crore, while Taxation increased by 23750.00 per cent at Rs 4.77 crore (Jun'21 Rs 0.02 crore).
