Vardhman Acrylics Lt Q1 net profit jumps 52.67% at Rs 11.71 cr
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The company reported standalone net profit of Rs 11.71 crore for the quarter ended June 30, 2022 as compared to Rs 7.67 crore in the same period last year, registering a year-on-year growth of 52.67 per cent. Net revenue of the company rose triple digit by 181.94 per cent at Rs 119.29 crore in April-June quarter of this fiscal as against Rs 42.31 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 186.73 per cent to Rs 105.43 crore from Rs 36.77 crore in year ago period.
Other Income dipped by 43.69 per cent at Rs 2.90 crore versus (Jun'21 Rs 5.15 crore). Operating Profit surged by 150.18 per cent to Rs 13.86 crore as against Rs 5.54 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 11.23 per cent in June quarter. Interest grew by 2166.67 per cent y-o-y to Rs 1.36 crore, while Taxation increased by 123.60 per cent at Rs 3.60 crore (Jun'21 Rs 1.61 crore).
