Voltas Q1 net profit up 8.31% at Rs 146.58 cr
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The company reported standalone net profit of Rs 146.58 crore for the quarter ended June 30, 2022 as compared to Rs 135.33 crore in the same period last year, registering a year-on-year growth of 8.31 per cent. Net revenue of the company rose substantially by 75.28 per cent at Rs 2,562.32 crore in April-June quarter of this fiscal as against Rs 1,461.81 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 81.82 per cent to Rs 2,411.42 crore from Rs 1,326.27 crore in year ago period. Other Income dipped by 43.72 per cent at Rs 27.27 crore versus (Jun'21 Rs 48.45 crore). Operating Profit surged by 32.89 per cent to Rs 180.12 crore as against Rs 135.54 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 24.16 per cent in June quarter. Interest grew by 5.07 per cent y-o-y to Rs 1.45 crore, while Taxation increased by 29.36 per cent at Rs 51.51 crore (Jun'21 Rs 39.82 crore).
