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( 05 Aug 2022)
Aarti Surfactants Q1 net profit down 17.92% at Rs 3.71 cr

The company reported standalone net profit of Rs 3.71 crore for the quarter ended June 30, 2022 as compared to Rs 4.52 crore in the same period last year, registering a year-on-year decline of 17.92 per cent.

Net revenue of the company rose moderately by 6.02 per cent at Rs 158.13 crore in April-June quarter of this fiscal as against Rs 149.15 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 6.62 per cent to Rs 146.63 crore from Rs 137.52 crore in year ago period.

Other Income grew by 233.33 per cent at Rs 0.10 crore versus (Jun'21 Rs 0.03 crore).

Operating Profit slipped by 1.12 per cent to Rs 11.50 crore as against Rs 11.63 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 6.79 per cent in June quarter.

Interest grew by 17.79 per cent y-o-y to Rs 2.98 crore, while Taxation increased by 19.33 per cent at Rs 1.42 crore (Jun'21 Rs 1.19 crore).