Sona BLW Precision Q1 net profit up 12.36% at Rs 65.62 cr
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The company reported standalone net profit of Rs 65.62 crore for the quarter ended June 30, 2022 as compared to Rs 58.40 crore in the same period last year, registering a year-on-year growth of 12.36 per cent. Net revenue of the company rose triple digit by 103.99 per cent at Rs 538.54 crore in April-June quarter of this fiscal as against Rs 264.00 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 131.96 per cent to Rs 411.66 crore from Rs 177.47 crore in year ago period.
Other Income grew by 3300.00 per cent at Rs 0.68 crore versus (Jun'21 Rs 0.02 crore). Operating Profit surged by 46.63 per cent to Rs 126.88 crore as against Rs 86.53 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 28.13 per cent in June quarter. Interest declined by 66.54 per cent y-o-y to Rs 2.66 crore, while Taxation increased by 9.98 per cent at Rs 22.15 crore (Jun'21 Rs 20.14 crore).
