Rajapalayam Mill Q1 net profit zooms 272.35% at Rs 17.91 cr
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The company reported standalone net profit of Rs 17.91 crore for the quarter ended June 30, 2022 as compared to Rs 4.81 crore in the same period last year, registering a year-on-year growth of 272.35 per cent. Net revenue of the company rose substantially by 47.92 per cent at Rs 200.14 crore in April-June quarter of this fiscal as against Rs 135.30 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 51.81 per cent to Rs 162.42 crore from Rs 106.99 crore in year ago period. Other Income dipped by 16.17 per cent at Rs 2.23 crore versus (Jun'21 Rs 2.66 crore). Operating Profit surged by 37.44 per cent to Rs 38.91 crore as against Rs 28.31 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 7.07 per cent in June quarter. Interest grew by 4.02 per cent y-o-y to Rs 11.90 crore, while Taxation increased by 114.34 per cent at Rs 5.53 crore (Jun'21 Rs 2.58 crore).
