VIP Indus. Q1 net profit zooms 2280.17% at Rs 82.83 cr
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The company reported standalone net profit of Rs 82.83 crore for the quarter ended June 30, 2022 as compared to Rs 3.48 crore in the same period last year, registering a year-on-year growth of 2280.17 per cent. Net revenue of the company rose triple digit by 179.17 per cent at Rs 563.23 crore in April-June quarter of this fiscal as against Rs 201.75 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 157.09 per cent to Rs 492.31 crore from Rs 191.49 crore in year ago period. Other Income grew by 150.09 per cent at Rs 41.64 crore versus (Jun'21 Rs 16.65 crore). Operating Profit surged by 591.23 per cent to Rs 70.92 crore as against Rs 10.26 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 147.35 per cent in June quarter. Interest declined by 18.90 per cent y-o-y to Rs 5.62 crore, while Taxation increased by 1838.40 per cent at Rs 24.23 crore (Jun'21 Rs 1.25 crore).
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