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Category :
Company
Headline :
Kaynes Technology In Q1 net profit jumps 92.58% at Rs 48.51 cr
Date:
26/07/2024 20:20
The company reported standalone net profit of Rs 48.51 crore for the quarter ended June 30, 2024 as compared to Rs 25.19 crore in the same period last year, registering a year-on-year growth of 92.58 per cent.
Net revenue of the company rose substantially by 20.50 per cent at Rs 350.16 crore in April-June quarter of this fiscal as against Rs 290.59 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 20.17 per cent to Rs 301.85 crore from Rs 251.18 crore in year ago period.
Other Income grew by 323.32 per cent at Rs 35.94 crore versus (Jun'23 Rs 8.49 crore).
Operating Profit surged by 22.56 per cent to Rs 48.30 crore as against Rs 39.41 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 1.70 per cent in June quarter.
Interest grew by 71.54 per cent y-o-y to Rs 19.11 crore, while Taxation increased by 54.32 per cent at Rs 10.37 crore (Jun'23 Rs 6.72 crore).
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