23 Jul 2019 | 3:31 PM


Aavas Financiers Q3 net profit zooms 117.43% at Rs 56.27 cr
  Aavas Financiers Ltd. | 23 Jul 2019 | 02:51 PM
Published on 01-30-2019
The company reported standalone net profit of Rs 56.27 crore for the quarter ended December 31 2018 as compared to Rs 25.88 crore in the same period last year registering a year-on-year growth of 117.43 per cent.

Net revenue of the company rose substantially by 55.05 per cent at Rs 194.85 crore in October-December quarter of this fiscal as against Rs 125.67 crore in the corresponding period last year.

During October-December quarter operating expenses increased by 34.94 per cent to Rs 46.58 crore from Rs 34.52 crore in year ago period.

Other Income dipped by 143.48 per cent at Rs -0.10 crore versus (Dec`17 Rs 0.23 crore).

Operating Profit surged by 62.67 per cent to Rs 148.27 crore as against Rs 91.15 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 4.91 per cent in December quarter.

Interest grew by 20.80 per cent y-o-y to Rs 64.00 crore while Taxation increased by 127.86 per cent at Rs 25.11 crore (Dec`17 Rs 11.02 crore).