PI Industries Ltd. Q1 net profit up 37.09% at Rs 252.10 cr
The company reported standalone net profit of Rs 252.10 crore for the quarter ended June 30, 2022 as compared to Rs 183.90 crore in the same period last year, registering a year-on-year growth of 37.09 per cent. Net revenue of the company rose substantially by 35.28 per cent at Rs 1,497.10 crore in April-June quarter of this fiscal as against Rs 1,106.70 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 34.57 per cent to Rs 1,159.70 crore from Rs 861.80 crore in year ago period. Other Income dipped by 12.08 per cent at Rs 23.30 crore versus (Jun'21 Rs 26.50 crore). Operating Profit surged by 37.77 per cent to Rs 337.40 crore as against Rs 244.90 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 1.85 per cent in June quarter. Interest grew by 0.00 per cent y-o-y to Rs 3.30 crore, while Taxation increased by 25.12 per cent at Rs 50.30 crore (Jun'21 Rs 40.20 crore).