Man Infraconstructio Q1 net profit up 27.39% at Rs 34.74 cr
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The company reported standalone net profit of Rs 34.74 crore for the quarter ended June 30, 2022 as compared to Rs 27.27 crore in the same period last year, registering a year-on-year growth of 27.39 per cent. Net revenue of the company rose substantially by 89.01 per cent at Rs 97.53 crore in April-June quarter of this fiscal as against Rs 51.60 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 88.69 per cent to Rs 62.38 crore from Rs 33.06 crore in year ago period. Other Income dipped by 31.95 per cent at Rs 11.84 crore versus (Jun'21 Rs 17.40 crore). Operating Profit surged by 89.59 per cent to Rs 35.15 crore as against Rs 18.54 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 0.31 per cent in June quarter. Interest grew by 150.00 per cent y-o-y to Rs 0.25 crore, while Taxation increased by 43.06 per cent at Rs 10.83 crore (Jun'21 Rs 7.57 crore).
