Mishtann Foods L Q1 net profit zooms 216.05% at Rs 11.03 cr
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The company reported standalone net profit of Rs 11.03 crore for the quarter ended June 30, 2022 as compared to Rs 3.49 crore in the same period last year, registering a year-on-year growth of 216.05 per cent.
Net revenue of the company rose triple digit by 118.73 per cent at Rs 158.27 crore in April-June quarter of this fiscal as against Rs 72.36 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 111.30 per cent to Rs 140.03 crore from Rs 66.27 crore in year ago period.
Other Income grew by 0.00 per cent at Rs 0.01 crore versus (Jun'21 Rs 0.01 crore). Operating Profit surged by 199.51 per cent to Rs 18.24 crore as against Rs 6.09 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 36.82 per cent in June quarter. Interest grew by 35.80 per cent y-o-y to Rs 1.10 crore, while Taxation increased by 279.49 per cent at Rs 5.92 crore (Jun'21 Rs 1.56 crore).
