Piccadily Agro I Q1 net profit jumps 55.44% at Rs 12.42 cr
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The company reported standalone net profit of Rs 12.42 crore for the quarter ended June 30, 2021 as compared to Rs 7.99 crore in the same period last year, registering a year-on-year growth of 55.44 per cent. Net revenue of the company rose substantially by 46.92 per cent at Rs 206.32 crore in April-June quarter of this fiscal as against Rs 140.43 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 51.16 per cent to Rs 182.71 crore from Rs 120.87 crore in year ago period. Other Income dipped by 33.33 per cent at Rs 0.04 crore versus (Jun'20 Rs 0.06 crore). Operating Profit surged by 20.77 per cent to Rs 23.61 crore as against Rs 19.55 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 17.88 per cent in June quarter. Interest declined by 19.52 per cent y-o-y to Rs 3.34 crore, while Taxation increased by 6.54 per cent at Rs 4.40 crore (Jun'20 Rs 4.13 crore)
