Home First Finance Q4 net profit up 6.38% at Rs 64.03 cr
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The company reported standalone net profit of Rs 64.03 crore for the quarter ended March 31, 2023 as compared to Rs 60.19 crore in the same period last year, registering a year-on-year growth of 6.38 per cent. Net revenue of the company rose substantially by 45.05 per cent at Rs 226.40 crore in January-March quarter of this fiscal as against Rs 156.08 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 39.61 per cent to Rs 51.95 crore from Rs 37.21 crore in year ago period. Other Income grew by 44500.00 per cent at Rs 4.46 crore versus (Mar'22 Rs 0.01 crore). Operating Profit surged by 47.14 per cent to Rs 174.90 crore as against Rs 118.87 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 1.43 per cent in March quarter. Interest grew by 72.61 per cent y-o-y to Rs 92.88 crore, while Taxation increased by 561.59 per cent at Rs 19.98 crore (Mar'22 Rs 3.02 crore).
