Udaipur Cement Works Q1 net profit down 19.66% at Rs 13.57 cr
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The company reported standalone net profit of Rs 13.57 crore for the quarter ended June 30, 2022 as compared to Rs 16.89 crore in the same period last year, registering a year-on-year decline of 19.66 per cent. Net revenue of the company rose substantially by 28.56 per cent at Rs 278.11 crore in April-June quarter of this fiscal as against Rs 216.33 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 36.28 per cent to Rs 237.98 crore from Rs 174.62 crore in year ago period. Other Income dipped by 79.45 per cent at Rs 0.30 crore versus (Jun'21 Rs 1.46 crore). Operating Profit slipped by 3.79 per cent to Rs 40.13 crore as against Rs 41.71 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 25.16 per cent in June quarter. Interest grew by 0.57 per cent y-o-y to Rs 12.29 crore, while Taxation decreased by 5.43 per cent at Rs 5.40 crore (Jun'21 Rs 5.71 crore).
