Can Fin Homes Q1 net profit jumps 49.02% at Rs 162.21 cr
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The company reported standalone net profit of Rs 162.21 crore for the quarter ended June 30, 2022 as compared to Rs 108.85 crore in the same period last year, registering a year-on-year growth of 49.02 per cent. Net revenue of the company rose substantially by 35.58 per cent at Rs 611.21 crore in April-June quarter of this fiscal as against Rs 450.80 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 0.55 per cent to Rs 34.62 crore from Rs 34.43 crore in year ago period.
Other Income grew by 825.00 per cent at Rs 0.37 crore versus (Jun'21 Rs 0.04 crore). Operating Profit surged by 38.48 per cent to Rs 576.58 crore as against Rs 416.37 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 2.14 per cent in June quarter. Interest grew by 32.85 per cent y-o-y to Rs 356.10 crore, while Taxation increased by 51.99 per cent at Rs 56.48 crore (Jun'21 Rs 37.16 crore).
