NACL Industries L Q1 net profit up 5.73% at Rs 15.13 cr
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The company reported standalone net profit of Rs 15.13 crore for the quarter ended June 30, 2022 as compared to Rs 14.31 crore in the same period last year, registering a year-on-year growth of 5.73 per cent. Net revenue of the company rose substantially by 46.40 per cent at Rs 475.34 crore in April-June quarter of this fiscal as against Rs 324.68 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 49.57 per cent to Rs 443.17 crore from Rs 296.29 crore in year ago period. Other Income grew by 32.38 per cent at Rs 4.17 crore versus (Jun'21 Rs 3.15 crore). Operating Profit surged by 13.31 per cent to Rs 32.17 crore as against Rs 28.39 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 22.54 per cent in June quarter. Interest grew by 46.71 per cent y-o-y to Rs 9.36 crore, while Taxation increased by 11.39 per cent at Rs 5.28 crore (Jun'21 Rs 4.74 crore).
