SPICS Q2 net profit zooms 1211.49% at Rs 53.64 cr
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The company reported standalone net profit of Rs 53.64 crore for the quarter ended September 30, 2021 as compared to Rs 4.09 crore in the same period last year, registering a year-on-year growth of 1211.49 per cent.
Net revenue of the company rose substantially by 43.68 per cent at Rs 613.12 crore in July-September quarter of this fiscal as against Rs 426.73 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 30.34 per cent to Rs 540.98 crore from Rs 415.04 crore in year ago period. Other Income dipped by 60.34 per cent at Rs 1.40 crore versus (Sep'20 Rs 3.53 crore).
Operating Profit surged by 420.03 per cent to Rs 74.52 crore as against Rs 14.33 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 261.61 per cent in September quarter. Interest grew by 70.61 per cent y-o-y to Rs 7.78 crore
