PCBL Q1 net profit up 20.71% at Rs 125.91 cr
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The company reported standalone net profit of Rs 125.91 crore for the quarter ended June 30, 2022 as compared to Rs 104.31 crore in the same period last year, registering a year-on-year growth of 20.71 per cent. Net revenue of the company rose substantially by 40.37 per cent at Rs 1,409.07 crore in April-June quarter of this fiscal as against Rs 1,003.85 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 44.48 per cent to Rs 1,213.54 crore from Rs 839.93 crore in year ago period. Other Income grew by 236.94 per cent at Rs 11.22 crore versus (Jun'21 Rs 3.33 crore). Operating Profit surged by 19.28 per cent to Rs 195.53 crore as against Rs 163.92 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 15.00 per cent in June quarter. Interest grew by 16.29 per cent y-o-y to Rs 8.85 crore, while Taxation increased by 32.17 per cent at Rs 34.55 crore (Jun'21 Rs 26.14 crore).
