Tube Investments Q1 net profit up 38.53% at Rs 134.32 cr
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The company reported standalone net profit of Rs 134.32 crore for the quarter ended June 30, 2022 as compared to Rs 96.96 crore in the same period last year, registering a year-on-year growth of 38.53 per cent. Net revenue of the company rose substantially by 46.29 per cent at Rs 1,838.44 crore in April-June quarter of this fiscal as against Rs 1,256.74 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 59.49 per cent to Rs 1,753.00 crore from Rs 1,099.10 crore in year ago period.
Other Income grew by 10.09 per cent at Rs 12.00 crore versus (Jun'21 Rs 10.90 crore). Operating Profit surged by 29.43 per cent to Rs 204.04 crore as against Rs 157.64 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 11.48 per cent in June quarter. Interest grew by 20.95 per cent y-o-y to Rs 3.58 crore, while Taxation increased by 37.53 per cent at Rs 45.66 crore (Jun'21 Rs 33.20 crore).
