Thyrocare Tech. Q1 net profit down 58.41% at Rs 20.12 cr
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The company reported standalone net profit of Rs 20.12 crore for the quarter ended June 30, 2022 as compared to Rs 48.38 crore in the same period last year, registering a year-on-year decline of 58.41 per cent. Net revenue of the company declined substantially by 25.13 per cent at Rs 119.24 crore in April-June quarter of this fiscal as against Rs 159.26 crore in the corresponding period last year. During April-June quarter, operating expenses dropped by 3.54 per cent to Rs 85.44 crore from Rs 88.58 crore in year ago period.
Other Income dipped by 66.67 per cent at Rs 0.89 crore versus (Jun'21 Rs 2.67 crore). Operating Profit slipped by 52.18 per cent to Rs 33.80 crore as against Rs 70.68 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 36.12 per cent in June quarter. Interest declined by 12.70 per cent y-o-y to Rs 0.55 crore, while Taxation decreased by 65.26 per cent at Rs 6.44 crore (Jun'21 Rs 18.54 crore).
