Olectra Greentech Q1 net profit zooms 826.60% at Rs 18.81 cr
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The company reported standalone net profit of Rs 18.81 crore for the quarter ended June 30, 2022 as compared to Rs 2.03 crore in the same period last year, registering a year-on-year growth of 826.60 per cent. Net revenue of the company rose three fold by 640.39 per cent at Rs 304.67 crore in April-June quarter of this fiscal as against Rs 41.15 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 725.71 per cent to Rs 267.86 crore from Rs 32.44 crore in year ago period.
Other Income grew by 66.67 per cent at Rs 2.80 crore versus (Jun'21 Rs 1.68 crore). Operating Profit surged by 322.62 per cent to Rs 36.81 crore as against Rs 8.71 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 42.94 per cent in June quarter. Interest grew by 425.63 per cent y-o-y to Rs 8.41 crore, while Taxation increased by 730.99 per cent at Rs 5.90 crore (Jun'21 Rs 0.71 crore).
