Spectrum Foods Q1 net profit zooms 156.94% at Rs 1.85 cr
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he company reported standalone net profit of Rs 1.85 crore for the quarter ended June 30, 2022 as compared to Rs 0.72 crore in the same period last year, registering a year-on-year growth of 156.94 per cent. Net revenue of the company rose substantially by 46.43 per cent at Rs 4.10 crore in April-June quarter of this fiscal as against Rs 2.80 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 15.82 per cent to Rs 1.83 crore from Rs 1.58 crore in year ago period.
Operating Profit surged by 86.89 per cent to Rs 2.28 crore as against Rs 1.22 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 26.98 per cent in June quarter. Interest declined by 22.22 per cent y-o-y to Rs 0.14 crore
