Lenskart Q2 Results: Lenskart Solutions released its September quarter results of the current financial year on Saturday, November 29. The company said that its net profit in the September quarter increased by 20 percent to Rs 103.5 crore, which was Rs 86.3 crore in the same quarter a year ago. Whereas in the previous June quarter, the net profit of the company was Rs 61.2 crore.
This is the first quarterly result of Lenskart Solutions after its stock exchange listing. The company said that its revenue in the September quarter increased by 21 percent on an annual basis to Rs 2,096 crore, which was Rs 1,735.7 crore in the same quarter a year ago. Whereas in the June quarter the company’s revenue was Rs 1,894.5 crore.
Total expenses of the Gurugram-headquartered company increased by 18 per cent to Rs 1,980.3 crore in the quarter ended September, from Rs 1,671 crore a year ago and Rs 1,836.6 crore a quarter earlier.
Lenskart’s consolidated quarterly data shows that a major part of the company’s business still comes from India. During the September quarter, Rs 1,230.6 crore of the company’s total revenue came from India, which was Rs 1,169.2 crore in the June quarter and Rs 1,088.8 crore in the same quarter a year ago.
Its international segment recorded revenue of Rs 879.6 crore, up from Rs 736.5 crore in the previous quarter and Rs 658.3 crore in the year-ago quarter. After inter-segment elimination, total revenue from operations stood at Rs 2,096.1 crore, compared to Rs 1,894.5 crore in the June quarter and Rs 1,735.7 crore in the year-ago quarter.
status of shares
Shares of Lenskart closed 0.86% higher at Rs 411.20 on BSE on November 29.
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