Oracle Financial Service Q4 net profit down 17.85% at Rs 413.21 cr
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
The company reported standalone net profit of Rs 413.21 crore for the quarter ended March 31, 2021 as compared to Rs 503.01 crore in the same period last year, registering a year-on-year decline of 17.85 per cent. Net revenue of the company declined marginally by 1.06 per cent at Rs 896.75 crore in January-March quarter of this fiscal as against Rs 906.36 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 9.05 per cent to Rs 369.29 crore from Rs 406.02 crore in year ago period. Other Income dipped by 35.12 per cent at Rs 29.06 crore versus (Mar'20 Rs 44.79 crore).
Operating Profit surged by 5.42 per cent to Rs 527.46 crore as against Rs 500.34 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 6.56 per cent in March quarter. Interest declined by 66.11 per cent y-o-y to Rs 1.02 crore, while Taxation increased by 588.62 per cent at Rs 124.09 crore (Mar'20 Rs 18.02 crore).
