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Published on 22/07/2019 4:46:13 PM | Source: Dion Global Solutions Ltd

Can Fin Homes Q1 net profit up 4.77% at Rs 80.98 cr

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The company reported standalone net profit of Rs 80.98 crore for the quarter ended June 30, 2019 as compared to Rs 77.29 crore in the same period last year, registering a year-on-year growth of 4.77 per cent. Net revenue of the company rose moderately by 19.31 per cent at Rs 484.01 crore in April-June quarter of this fiscal as against Rs 405.67 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 53.25 per cent to Rs 29.67 crore from Rs 19.36 crore in year ago period.

Other Income dipped by 91.88 per cent at Rs 0.13 crore versus (Jun'18 Rs 1.60 crore). Operating Profit surged by 17.61 per cent to Rs 454.34 crore as against Rs 386.31 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1.43 per cent in June quarter. Interest grew by 21.96 per cent y-o-y to Rs 329.37 crore, while Taxation increased by 4.85 per cent at Rs 41.92 crore (Jun'18 Rs 39.98 crore).