V-Guard Ind.Ltd. Q1 net profit zooms 119.33% at Rs 54.02 cr
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The company reported standalone net profit of Rs 54.02 crore for the quarter ended June 30, 2022 as compared to Rs 24.63 crore in the same period last year, registering a year-on-year growth of 119.33 per cent. Net revenue of the company rose substantially by 80.06 per cent at Rs 1,009.64 crore in April-June quarter of this fiscal as against Rs 560.72 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 79.32 per cent to Rs 927.75 crore from Rs 517.36 crore in year ago period. Other Income grew by 27.46 per cent at Rs 5.06 crore versus (Jun'21 Rs 3.97 crore). Operating Profit surged by 88.86 per cent to Rs 81.89 crore as against Rs 43.36 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 4.92 per cent in June quarter. Interest grew by 15.44 per cent y-o-y to Rs 1.72 crore, while Taxation increased by 77.94 per cent at Rs 18.31 crore (Jun'21 Rs 10.29 crore).
