Supreme Inds. Q1 net profit up 24.48% at Rs 155.74 cr
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The company reported standalone net profit of Rs 155.74 crore for the quarter ended June 30, 2022 as compared to Rs 125.11 crore in the same period last year, registering a year-on-year growth of 24.48 per cent. Net revenue of the company rose substantially by 64.37 per cent at Rs 2,205.98 crore in April-June quarter of this fiscal as against Rs 1,342.08 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 72.95 per cent to Rs 1,937.18 crore from Rs 1,120.10 crore in year ago period.
Other Income grew by 5.32 per cent at Rs 4.55 crore versus (Jun'21 Rs 4.32 crore). Operating Profit surged by 21.09 per cent to Rs 268.80 crore as against Rs 221.98 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 26.30 per cent in June quarter. Interest declined by 23.47 per cent y-o-y to Rs 1.63 crore, while Taxation increased by 26.40 per cent at Rs 54.30 crore (Jun'21 Rs 42.96 crore).
