Mishra Dhatu Nig Q1 net profit down 5.90% at Rs 17.70 cr
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
The company reported standalone net profit of Rs 17.70 crore for the quarter ended June 30, 2022 as compared to Rs 18.81 crore in the same period last year, registering a year-on-year decline of 5.90 per cent. Net revenue of the company declined marginally by 3.15 per cent at Rs 109.39 crore in April-June quarter of this fiscal as against Rs 112.95 crore in the corresponding period last year.
During April-June quarter, operating expenses dropped by 7.48 per cent to Rs 81.91 crore from Rs 88.53 crore in year ago period. Other Income dipped by 9.77 per cent at Rs 7.39 crore versus (Jun'21 Rs 8.19 crore). Operating Profit surged by 29.39 per cent to Rs 33.02 crore as against Rs 25.52 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 33.54 per cent in June quarter. Interest grew by 157.22 per cent y-o-y to Rs 4.63 crore, while Taxation decreased by 8.80 per cent at Rs 5.70 crore (Jun'21 Rs 6.25 crore).
