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( As on 02/11/2021 16:30) DCW Q2 net profit zooms 1948.96% at Rs 19.67 cr

The company reported standalone net profit of Rs 19.67 crore for the quarter ended September 30, 2021 as compared to Rs 0.96 crore in the same period last year, registering a year-on-year growth of 1948.96 per cent.

Net revenue of the company rose substantially by 69.24 per cent at Rs 571.87 crore in July-September quarter of this fiscal as against Rs 337.91 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 70.76 per cent to Rs 492.43 crore from Rs 288.37 crore in year ago period.

Other Income dipped by 16.99 per cent at Rs 1.27 crore versus (Sep'20 Rs 1.53 crore).

Operating Profit surged by 60.38 per cent to Rs 79.45 crore as against Rs 49.54 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 5.25 per cent in September quarter.

Interest grew by 1.62 per cent y-o-y to Rs 28.90 crore, while Taxation increased by 49000.00 per cent at Rs 9.82 crore (Sep'20 Rs 0.02 crore).