Sportking India Q1 net profit up 5.18% at Rs 83.08 cr
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The company reported standalone net profit of Rs 83.08 crore for the quarter ended June 30, 2022 as compared to Rs 78.99 crore in the same period last year, registering a year-on-year growth of 5.18 per cent. Net revenue of the company rose substantially by 34.86 per cent at Rs 606.32 crore in April-June quarter of this fiscal as against Rs 449.59 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 45.45 per cent to Rs 472.17 crore from Rs 324.62 crore in year ago period.
Other Income dipped by 56.76 per cent at Rs 0.96 crore versus (Jun'21 Rs 2.22 crore). Operating Profit surged by 7.35 per cent to Rs 134.15 crore as against Rs 124.97 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 20.40 per cent in June quarter. Interest grew by 1.03 per cent y-o-y to Rs 8.86 crore, while Taxation increased by 24.83 per cent at Rs 33.38 crore (Jun'21 Rs 26.74 crore).
