Tanla Platforms Q1 net profit down 38.35% at Rs 17.60 cr
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
The company reported standalone net profit of Rs 17.60 crore for the quarter ended June 30, 2022 as compared to Rs 28.55 crore in the same period last year, registering a year-on-year decline of 38.35 per cent. Net revenue of the company rose substantially by 42.45 per cent at Rs 323.32 crore in April-June quarter of this fiscal as against Rs 226.97 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 59.40 per cent to Rs 303.16 crore from Rs 190.19 crore in year ago period. Other Income grew by 53.28 per cent at Rs 3.97 crore versus (Jun'21 Rs 2.59 crore). Operating Profit slipped by 45.20 per cent to Rs 20.16 crore as against Rs 36.79 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 61.51 per cent in June quarter. Interest grew by 25.00 per cent y-o-y to Rs 0.05 crore, while Taxation decreased by 48.49 per cent at Rs 4.79 crore (Jun'21 Rs 9.30 crore).
