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Published on 4/11/2019 3:55:32 PM | Source: Dion Global Solutions Ltd

Can Fin Homes Q2 net profit up 27.06% at Rs 97.62 cr

The company reported standalone net profit of Rs 97.62 crore for the quarter ended September 30, 2019 as compared to Rs 76.83 crore in the same period last year, registering a year-on-year growth of 27.06 per cent. Net revenue of the company rose moderately by 18.89 per cent at Rs 500.49 crore in July-September quarter of this fiscal as against Rs 420.96 crore in the corresponding period last year. During July-September quarter, operating expenses increased by 71.80 per cent to Rs 29.24 crore from Rs 17.02 crore in year ago period.

Other Income dipped by 91.35 per cent at Rs 0.18 crore versus (Sep'18 Rs 2.08 crore). Operating Profit surged by 16.66 per cent to Rs 471.25 crore as against Rs 403.94 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1.88 per cent in September quarter. Interest grew by 19.26 per cent y-o-y to Rs 338.47 crore, while Taxation decreased by 25.69 per cent at Rs 33.27 crore (Sep'18 Rs 44.77 crore).