Oriental Carbon Q1 net profit up 12.48% at Rs 13.97 cr
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The company reported standalone net profit of Rs 13.97 crore for the quarter ended June 30, 2022 as compared to Rs 12.42 crore in the same period last year, registering a year-on-year growth of 12.48 per cent. Net revenue of the company rose substantially by 67.90 per cent at Rs 136.35 crore in April-June quarter of this fiscal as against Rs 81.21 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 72.06 per cent to Rs 109.50 crore from Rs 63.64 crore in year ago period.
Other Income dipped by 84.00 per cent at Rs 0.84 crore versus (Jun'21 Rs 5.25 crore). Operating Profit surged by 52.82 per cent to Rs 26.85 crore as against Rs 17.57 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 9.01 per cent in June quarter. Interest grew by 113.16 per cent y-o-y to Rs 2.43 crore, while Taxation increased by 13.74 per cent at Rs 4.47 crore (Jun'21 Rs 3.93 crore).
