Sukhjit Starch & Chemicals Ltd Q1 net profit jumps 79.30% at Rs 20.35 cr
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The company reported standalone net profit of Rs 20.35 crore for the quarter ended June 30, 2022 as compared to Rs 11.35 crore in the same period last year, registering a year-on-year growth of 79.30 per cent. Net revenue of the company rose substantially by 69.73 per cent at Rs 361.31 crore in April-June quarter of this fiscal as against Rs 212.87 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 71.22 per cent to Rs 322.75 crore from Rs 188.50 crore in year ago period. Other Income dipped by 84.55 per cent at Rs 0.17 crore versus (Jun'21 Rs 1.10 crore). Operating Profit surged by 58.23 per cent to Rs 38.56 crore as against Rs 24.37 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 6.81 per cent in June quarter. Interest grew by 4.10 per cent y-o-y to Rs 5.33 crore, while Taxation increased by 126.67 per cent at Rs 6.80 crore (Jun'21 Rs 3.00 crore).
