Shanthi Gears Q1 net profit jumps 56.64% at Rs 13.44 cr
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The company reported standalone net profit of Rs 13.44 crore for the quarter ended June 30, 2022 as compared to Rs 8.58 crore in the same period last year, registering a year-on-year growth of 56.64 per cent. Net revenue of the company rose substantially by 47.60 per cent at Rs 98.85 crore in April-June quarter of this fiscal as against Rs 66.97 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 46.84 per cent to Rs 80.73 crore from Rs 54.98 crore in year ago period. Other Income grew by 1.90 per cent at Rs 2.14 crore versus (Jun'21 Rs 2.10 crore). Operating Profit surged by 51.13 per cent to Rs 18.12 crore as against Rs 11.99 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 2.40 per cent in June quarter. Taxation increased by 45.55 per cent at Rs 4.25 crore (Jun'21 Rs 2.92 crore).
