Vishal Fabrics Q1 net profit jumps 85.16% at Rs 18.96 cr
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The company reported standalone net profit of Rs 18.96 crore for the quarter ended June 30, 2022 as compared to Rs 10.24 crore in the same period last year, registering a year-on-year growth of 85.16 per cent. Net revenue of the company rose substantially by 49.90 per cent at Rs 442.10 crore in April-June quarter of this fiscal as against Rs 294.93 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 50.68 per cent to Rs 397.84 crore from Rs 264.03 crore in year ago period. Other Income grew by 840.00 per cent at Rs 0.94 crore versus (Jun'21 Rs 0.10 crore). Operating Profit surged by 43.27 per cent to Rs 44.27 crore as against Rs 30.90 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 4.48 per cent in June quarter. Interest grew by 20.16 per cent y-o-y to Rs 10.43 crore, while Taxation increased by 106.58 per cent at Rs 7.54 crore (Jun'21 Rs 3.65 crore).
