Tin Plate Co. Q1 net profit up 23.84% at Rs 84.98 cr
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The company reported standalone net profit of Rs 84.98 crore for the quarter ended June 30, 2022 as compared to Rs 68.62 crore in the same period last year, registering a year-on-year growth of 23.84 per cent. Net revenue of the company rose substantially by 25.21 per cent at Rs 1,006.53 crore in April-June quarter of this fiscal as against Rs 803.90 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 15.82 per cent to Rs 886.03 crore from Rs 764.99 crore in year ago period.
Other Income grew by 31.20 per cent at Rs 10.64 crore versus (Jun'21 Rs 8.11 crore). Operating Profit surged by 18.94 per cent to Rs 120.49 crore as against Rs 101.30 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 5.00 per cent in June quarter. Interest declined by 11.38 per cent y-o-y to Rs 2.18 crore, while Taxation increased by 22.63 per cent at Rs 28.72 crore (Jun'21 Rs 23.42 crore).
