Samvardhana Mother Q1 net profit down 33.53% at Rs 120.00 cr
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The company reported standalone net profit of Rs 120.00 crore for the quarter ended June 30, 2022 as compared to Rs 180.54 crore in the same period last year, registering a year-on-year decline of 33.53 per cent. Net revenue of the company rose substantially by 44.42 per cent at Rs 1,608.70 crore in April-June quarter of this fiscal as against Rs 1,113.87 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 49.13 per cent to Rs 1,474.20 crore from Rs 988.54 crore in year ago period. Other Income grew by 26.62 per cent at Rs 86.67 crore versus (Jun'21 Rs 68.45 crore). Operating Profit surged by 14.92 per cent to Rs 144.03 crore as against Rs 125.33 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 20.44 per cent in June quarter. Interest grew by 22.75 per cent y-o-y to Rs 29.78 crore, while Taxation increased by 41.86 per cent at Rs 25.18 crore (Jun'21 Rs 17.75 crore).
