20 Jul 2019 | 8:04 PM

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Aavas Financiers Q4 net profit zooms 174.05% at Rs 54.29 cr
  Aavas Financiers Ltd. | 19 Jul 2019 | 04:01 PM
Published on 05-03-2019
The company reported standalone net profit of Rs 54.29 crore for the quarter ended March 31 2019 as compared to Rs 19.81 crore in the same period last year registering a year-on-year growth of 174.05 per cent.


Net revenue of the company rose substantially by 70.44 per cent at Rs 204.22 crore in January-March quarter of this fiscal as against Rs 119.82 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 111.35 per cent to Rs 53.26 crore from Rs 25.20 crore in year ago period.


Other Income grew by 43.94 per cent at Rs 0.95 crore versus (Mar`18 Rs 0.66 crore).


Operating Profit surged by 78.31 per cent to Rs 150.96 crore as against Rs 84.66 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 4.61 per cent in March quarter.


Interest grew by 57.47 per cent y-o-y to Rs 72.31 crore while Taxation increased by 28.66 per cent at Rs 22.49 crore (Mar`18 Rs 17.48 crore).