Shalby Q1 net profit down 13.64% at Rs 21.46 cr
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The company reported standalone net profit of Rs 21.46 crore for the quarter ended June 30, 2022 as compared to Rs 24.85 crore in the same period last year, registering a year-on-year decline of 13.64 per cent. Net revenue of the company declined marginally by 1.67 per cent at Rs 177.10 crore in April-June quarter of this fiscal as against Rs 180.10 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 0.05 per cent to Rs 138.26 crore from Rs 138.19 crore in year ago period. Other Income grew by 47.19 per cent at Rs 3.93 crore versus (Jun'21 Rs 2.67 crore). Operating Profit slipped by 7.30 per cent to Rs 38.85 crore as against Rs 41.91 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 5.72 per cent in June quarter. Interest grew by 5.63 per cent y-o-y to Rs 0.75 crore, while Taxation increased by 8.65 per cent at Rs 11.31 crore (Jun'21 Rs 10.41 crore).
