S Chand and Company Ltd posts Q1 net profit of Rs 11.29 cr
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The company reported standalone net profit during the quarter stood at Rs 11.29 crore compared to net loss of Rs 10.13 crore in the previous year quarter. Net revenue of the company rose two fold by 295.06 per cent at Rs 39.98 crore in April-June quarter of this fiscal as against Rs 10.12 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 106.60 per cent to Rs 37.58 crore from Rs 18.19 crore in year ago period. Other Income grew by 394.14 per cent at Rs 16.01 crore versus (Jun'21 Rs 3.24 crore). Operating Profit surged by 129.83 per cent to Rs 2.41 crore as against Rs -8.08 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 107.54 per cent in June quarter. Interest declined by 45.07 per cent y-o-y to Rs 1.84 crore, while Taxation increased by 0.00 per cent at Rs 3.67 crore (Jun'21 Rs 0.00 crore).
