United Spirits Q1 net profit zooms 204.34% at Rs 210.30 cr
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The company reported standalone net profit of Rs 210.30 crore for the quarter ended June 30, 2022 as compared to Rs 69.10 crore in the same period last year, registering a year-on-year growth of 204.34 per cent. Net revenue of the company rose substantially by 34.31 per cent at Rs 2,169.30 crore in April-June quarter of this fiscal as against Rs 1,615.10 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 30.93 per cent to Rs 1,895.10 crore from Rs 1,447.40 crore in year ago period. Other Income grew by 136.79 per cent at Rs 25.10 crore versus (Jun'21 Rs 10.60 crore). Operating Profit surged by 63.51 per cent to Rs 274.20 crore as against Rs 167.70 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 21.77 per cent in June quarter. Interest declined by 16.16 per cent y-o-y to Rs 16.60 crore, while Taxation increased by 1204.17 per cent at Rs -31.30 crore (Jun'21 Rs -2.40 crore).
