Mega Corporation Q1 net profit zooms 81333.33% at Rs 24.43 cr
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The company reported standalone net profit of Rs 24.43 crore for the quarter ended June 30, 2022 as compared to Rs 0.03 crore in the same period last year, registering a year-on-year growth of 81333.33 per cent. Net revenue of the company rose three fold by 10333.33 per cent at Rs 81.38 crore in April-June quarter of this fiscal as against Rs 0.78 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 4176.19 per cent to Rs 8.98 crore from Rs 0.21 crore in year ago period. Operating Profit surged by 12601.75 per cent to Rs 72.40 crore as against Rs 0.57 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 21.81 per cent in June quarter. Interest grew by 7562.50 per cent y-o-y to Rs 42.91 crore, while Taxation increased by 0.00 per cent at Rs -3.78 crore (Jun'21 Rs 0.00 crore).
