Vedant Fashions Q1 net profit zooms 128.93% at Rs 99.93 cr
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
The company reported standalone net profit of Rs 99.93 crore for the quarter ended June 30, 2022 as compared to Rs 43.65 crore in the same period last year, registering a year-on-year growth of 128.93 per cent. Net revenue of the company rose triple digit by 108.35 per cent at Rs 317.17 crore in April-June quarter of this fiscal as against Rs 152.23 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 82.27 per cent to Rs 157.48 crore from Rs 86.40 crore in year ago period. Other Income dipped by 62.21 per cent at Rs 6.92 crore versus (Jun'21 Rs 18.31 crore). Operating Profit surged by 142.58 per cent to Rs 159.69 crore as against Rs 65.83 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 16.44 per cent in June quarter. Interest grew by 35.82 per cent y-o-y to Rs 7.47 crore, while Taxation increased by 126.42 per cent at Rs 34.62 crore (Jun'21 Rs 15.29 crore).
