16 Jul 2019 | 4:44 PM

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Transwarranty Financ Q4 net profit up 13.83% at Rs 2.14 cr
  Transwarranty Finance Ltd. | 16 Jul 2019 | 04:01 PM
Published on 05-10-2019
The company reported standalone net profit of Rs 2.14 crore for the quarter ended March 31 2019 as compared to Rs 1.88 crore in the same period last year registering a year-on-year growth of 13.83 per cent.


Net revenue of the company rose substantially by 64.26 per cent at Rs 7.72 crore in January-March quarter of this fiscal as against Rs 4.70 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 186.74 per cent to Rs 5.19 crore from Rs 1.81 crore in year ago period.


Other Income dipped by 25.00 per cent at Rs 0.03 crore versus (Mar`18 Rs 0.04 crore).


Operating Profit slipped by 12.46 per cent to Rs 2.53 crore as against Rs 2.89 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 46.68 per cent in March quarter.


Interest grew by 52.38 per cent y-o-y to Rs 0.32 crore while Taxation decreased by 40.00 per cent at Rs 0.03 crore (Mar`18 Rs 0.05 crore).