25 Jun 2019 | 10:25 PM

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COMPANYNEWS
Sarla Performance Fi Q4 net profit zooms 167.04% at Rs 9.56 cr
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Published on 05-23-2019
The company reported standalone net profit of Rs 9.56 crore for the quarter ended March 31 2019 as compared to Rs 3.58 crore in the same period last year registering a year-on-year growth of 167.04 per cent.


Net revenue of the company rose substantially by 20.79 per cent at Rs 82.91 crore in January-March quarter of this fiscal as against Rs 68.64 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 16.70 per cent to Rs 67.77 crore from Rs 58.07 crore in year ago period.


Other Income grew by 63.01 per cent at Rs 4.01 crore versus (Mar`18 Rs 2.46 crore).


Operating Profit surged by 43.24 per cent to Rs 15.14 crore as against Rs 10.57 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 18.57 per cent in March quarter.


Interest grew by 93.71 per cent y-o-y to Rs 2.77 crore while Taxation decreased by 44.23 per cent at Rs 2.85 crore (Mar`18 Rs 5.11 crore).