RattanIndia Power Q1 net profit up 30.83% at Rs 113.95 cr
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The company reported standalone net profit of Rs 113.95 crore for the quarter ended June 30, 2022 as compared to Rs 87.10 crore in the same period last year, registering a year-on-year growth of 30.83 per cent. Net revenue of the company declined marginally by 3.61 per cent at Rs 842.79 crore in April-June quarter of this fiscal as against Rs 874.36 crore in the corresponding period last year.
During April-June quarter, operating expenses dropped by 4.98 per cent to Rs 627.23 crore from Rs 660.12 crore in year ago period. Other Income dipped by 3.05 per cent at Rs 81.19 crore versus (Jun'21 Rs 83.74 crore). Operating Profit surged by 0.62 per cent to Rs 215.56 crore as against Rs 214.24 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 4.41 per cent in June quarter. Interest declined by 17.68 per cent y-o-y to Rs 127.18 crore
