Salasar Techno Engin Q2 net profit up 22.74% at Rs 10.04 cr
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The company reported standalone net profit of Rs 10.04 crore for the quarter ended September 30, 2021 as compared to Rs 8.18 crore in the same period last year, registering a year-on-year growth of 22.74 per cent. Net revenue of the company rose substantially by 28.65 per cent at Rs 189.77 crore in July-September quarter of this fiscal as against Rs 147.51 crore in the corresponding period last year. During July-September quarter, operating expenses increased by 27.25 per cent to Rs 168.60 crore from Rs 132.49 crore in year ago period. Other Income dipped by 153.91 per cent at Rs -0.62 crore versus (Sep'20 Rs 1.15 crore).
Operating Profit surged by 40.95 per cent to Rs 21.17 crore as against Rs 15.02 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 9.53 per cent in September quarter. Interest grew by 21.58 per cent y-o-y to Rs 5.07 crore, while Taxation increased by 50.82 per cent at Rs 3.68 crore (Sep'20 Rs 2.44 crore).
