Maithan Alloys Q1 net profit jumps 58.41% at Rs 177.44 cr
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The company reported standalone net profit of Rs 177.44 crore for the quarter ended June 30, 2022 as compared to Rs 112.01 crore in the same period last year, registering a year-on-year growth of 58.41 per cent. Net revenue of the company rose substantially by 86.96 per cent at Rs 1,057.54 crore in April-June quarter of this fiscal as against Rs 565.64 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 75.88 per cent to Rs 746.62 crore from Rs 424.51 crore in year ago period. Other Income grew by 107.02 per cent at Rs 21.24 crore versus (Jun'21 Rs 10.26 crore). Operating Profit surged by 120.31 per cent to Rs 310.92 crore as against Rs 141.13 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 17.84 per cent in June quarter. Interest declined by 41.03 per cent y-o-y to Rs 0.23 crore, while Taxation increased by 71.99 per cent at Rs 60.42 crore (Jun'21 Rs 35.13 crore).
