Sirca Paints India Q1 net profit zooms 428.05% at Rs 11.67 cr
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The company reported standalone net profit of Rs 11.67 crore for the quarter ended June 30, 2022 as compared to Rs 2.21 crore in the same period last year, registering a year-on-year growth of 428.05 per cent. Net revenue of the company rose substantially by 90.94 per cent at Rs 61.35 crore in April-June quarter of this fiscal as against Rs 32.13 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 57.18 per cent to Rs 45.99 crore from Rs 29.26 crore in year ago period.
Other Income grew by 35.56 per cent at Rs 1.22 crore versus (Jun'21 Rs 0.90 crore). Operating Profit surged by 434.84 per cent to Rs 15.35 crore as against Rs 2.87 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 179.98 per cent in June quarter. Interest declined by 50.00 per cent y-o-y to Rs 0.01 crore, while Taxation increased by 392.11 per cent at Rs 3.74 crore (Jun'21 Rs 0.76 crore).
