SPIC Q1 net profit zooms 141.51% at Rs 66.85 cr
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The company reported standalone net profit of Rs 66.85 crore for the quarter ended June 30, 2022 as compared to Rs 27.68 crore in the same period last year, registering a year-on-year growth of 141.51 per cent. Net revenue of the company rose substantially by 50.70 per cent at Rs 748.71 crore in April-June quarter of this fiscal as against Rs 496.83 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 46.53 per cent to Rs 667.68 crore from Rs 455.65 crore in year ago period. Other Income grew by 512.50 per cent at Rs 2.45 crore versus (Jun'21 Rs 0.40 crore). Operating Profit surged by 92.44 per cent to Rs 82.94 crore as against Rs 43.10 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 27.65 per cent in June quarter. Interest grew by 165.63 per cent y-o-y to Rs 6.80 crore
