News Details

( As on 31/07/2024 20:32)

KRBL Q1 net profit down 55.60% at Rs 86.44 cr

The company reported standalone net profit of Rs 86.44 crore for the quarter ended June 30, 2024 as compared to Rs 194.69 crore in the same period last year, registering a year-on-year decline of 55.60 per cent.

Net revenue of the company declined moderately by 15.17 per cent at Rs 1,199.18 crore in April-June quarter of this fiscal as against Rs 1,413.65 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 6.89 per cent to Rs 1,082.00 crore from Rs 1,162.04 crore in year ago period.

Other Income dipped by 19.28 per cent at Rs 21.65 crore versus (Jun'23 Rs 26.82 crore).

Operating Profit slipped by 53.43 per cent to Rs 117.18 crore as against Rs 251.61 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 45.11 per cent in June quarter.

Interest grew by 223.81 per cent y-o-y to Rs 4.76 crore, while Taxation decreased by 56.21 per cent at Rs 27.46 crore (Jun'23 Rs 62.71 crore).