Home First Finance Q1 net profit jumps 45.97% at Rs 51.25 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 51.25 crore for the quarter ended June 30, 2022 as compared to Rs 35.11 crore in the same period last year, registering a year-on-year growth of 45.97 per cent. Net revenue of the company rose substantially by 22.59 per cent at Rs 169.35 crore in April-June quarter of this fiscal as against Rs 138.14 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 2.52 per cent to Rs 40.33 crore from Rs 39.34 crore in year ago period. Operating Profit surged by 30.57 per cent to Rs 129.02 crore as against Rs 98.81 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 6.51 per cent in June quarter. Interest grew by 14.14 per cent y-o-y to Rs 60.70 crore, while Taxation increased by 20.21 per cent at Rs 15.05 crore (Jun'21 Rs 12.52 crore).
