Magnum Ventures posts Q1 net profit of Rs 44.59 cr
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The company reported standalone net profit during the quarter stood at Rs 44.59 crore compared to net loss of Rs 0.71 crore in the previous year quarter. Net revenue of the company rose triple digit by 132.52 per cent at Rs 115.98 crore in April-June quarter of this fiscal as against Rs 49.88 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 136.31 per cent to Rs 109.98 crore from Rs 46.54 crore in year ago period. Other Income grew by 161.70 per cent at Rs 1.23 crore versus (Jun'21 Rs 0.47 crore). Operating Profit surged by 79.94 per cent to Rs 6.01 crore as against Rs 3.34 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 22.69 per cent in June quarter. Interest grew by 117.02 per cent y-o-y to Rs 1.02 crore
