Timex Group India posts Q1 net profit of Rs 12.01 cr
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The company reported standalone net profit during the quarter stood at Rs 12.01 crore compared to net loss of Rs 5.28 crore in the previous year quarter. Net revenue of the company rose triple digit by 194.04 per cent at Rs 94.27 crore in April-June quarter of this fiscal as against Rs 32.06 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 124.58 per cent to Rs 80.85 crore from Rs 36.00 crore in year ago period.
Other Income grew by 766.67 per cent at Rs 0.26 crore versus (Jun'21 Rs 0.03 crore). Operating Profit surged by 440.61 per cent to Rs 13.42 crore as against Rs -3.94 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 215.87 per cent in June quarter. Interest grew by 60.42 per cent y-o-y to Rs 0.77 crore
