TRF Ltd posts Q1 net profit of Rs 18.13 cr
The company reported standalone net profit during the quarter stood at Rs 18.13 crore compared to net loss of Rs 17.21 crore in the previous year quarter. Net revenue of the company rose triple digit by 166.86 per cent at Rs 41.39 crore in April-June quarter of this fiscal as against Rs 15.51 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 17.27 per cent to Rs 26.82 crore from Rs 22.87 crore in year ago period.
Other Income grew by 60300.00 per cent at Rs 12.08 crore versus (Jun'21 Rs 0.02 crore). Operating Profit surged by 298.23 per cent to Rs 14.57 crore as against Rs -7.35 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 174.27 per cent in June quarter. Interest declined by 0.99 per cent y-o-y to Rs 8.01 crore