Prudent Corporate Ad Q1 net profit up 35.68% at Rs 15.59 cr
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The company reported standalone net profit of Rs 15.59 crore for the quarter ended June 30, 2022 as compared to Rs 11.49 crore in the same period last year, registering a year-on-year growth of 35.68 per cent. Net revenue of the company rose substantially by 49.14 per cent at Rs 115.30 crore in April-June quarter of this fiscal as against Rs 77.31 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 42.99 per cent to Rs 88.84 crore from Rs 62.13 crore in year ago period.
Other Income dipped by 96.26 per cent at Rs 0.08 crore versus (Jun'21 Rs 2.14 crore). Operating Profit surged by 74.31 per cent to Rs 26.46 crore as against Rs 15.18 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 16.91 per cent in June quarter. Interest grew by 23.81 per cent y-o-y to Rs 0.26 crore, while Taxation increased by 33.17 per cent at Rs 5.42 crore (Jun'21 Rs 4.07 crore).
