Fusion Micro Finance Q4 net profit zooms 767.58% at Rs 114.52 cr
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The company reported standalone net profit of Rs 114.52 crore for the quarter ended March 31, 2023 as compared to Rs 13.20 crore in the same period last year, registering a year-on-year growth of 767.58 per cent. Net revenue of the company rose substantially by 42.92 per cent at Rs 500.89 crore in January-March quarter of this fiscal as against Rs 350.47 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 12.09 per cent to Rs 192.23 crore from Rs 218.66 crore in year ago period. Other Income dipped by 10.33 per cent at Rs 19.80 crore versus (Mar'22 Rs 22.08 crore). Operating Profit surged by 134.15 per cent to Rs 308.66 crore as against Rs 131.82 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 63.84 per cent in March quarter. Interest grew by 27.60 per cent y-o-y to Rs 174.24 crore, while Taxation increased by 1432.79 per cent at Rs 37.40 crore (Mar'22 Rs 2.44 crore).
