Tata Investment Q1 net profit jumps 68.09% at Rs 108.69 cr
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The company reported standalone net profit of Rs 108.69 crore for the quarter ended June 30, 2022 as compared to Rs 64.66 crore in the same period last year, registering a year-on-year growth of 68.09 per cent. Net revenue of the company rose substantially by 72.02 per cent at Rs 126.30 crore in April-June quarter of this fiscal as against Rs 73.42 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 92.90 per cent to Rs 10.86 crore from Rs 5.63 crore in year ago period.
Other Income grew by 37.50 per cent at Rs 0.11 crore versus (Jun'21 Rs 0.08 crore). Operating Profit surged by 70.29 per cent to Rs 115.44 crore as against Rs 67.79 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1.01 per cent in June quarter. Interest grew by 50.00 per cent y-o-y to Rs 0.03 crore, while Taxation increased by 122.15 per cent at Rs 6.62 crore (Jun'21 Rs 2.98 crore).
