Starteck Finance Q1 net profit up 25.71% at Rs 2.64 cr
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The company reported standalone net profit of Rs 2.64 crore for the quarter ended June 30, 2022 as compared to Rs 2.10 crore in the same period last year, registering a year-on-year growth of 25.71 per cent. Net revenue of the company rose substantially by 91.11 per cent at Rs 6.02 crore in April-June quarter of this fiscal as against Rs 3.15 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 162.79 per cent to Rs 1.13 crore from Rs 0.43 crore in year ago period. Operating Profit surged by 79.78 per cent to Rs 4.89 crore as against Rs 2.72 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 6.00 per cent in June quarter. Interest grew by 89.86 per cent y-o-y to Rs 1.31 crore, while Taxation increased by 9300.00 per cent at Rs 0.94 crore (Jun'21 Rs 0.01 crore).
