Shriram City Uni Q2 net profit up 23.74% at Rs 349.28 cr
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The company reported standalone net profit of Rs 349.28 crore for the quarter ended September 30, 2022 as compared to Rs 282.26 crore in the same period last year, registering a year-on-year growth of 23.74 per cent. Net revenue of the company rose substantially by 24.00 per cent at Rs 1,963.36 crore in July-September quarter of this fiscal as against Rs 1,583.33 crore in the corresponding period last year.
During July-September quarter, operating expenses increased by 30.45 per cent to Rs 746.22 crore from Rs 572.02 crore in year ago period. Other Income grew by 7.61 per cent at Rs 0.99 crore versus (Sep'21 Rs 0.92 crore). Operating Profit surged by 20.35 per cent to Rs 1,217.14 crore as against Rs 1,011.31 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 2.94 per cent in September quarter. Interest grew by 19.06 per cent y-o-y to Rs 733.16 crore, while Taxation increased by 23.45 per cent at Rs 116.41 crore (Sep'21 Rs 94.30 crore).
