Max Financial Servic Q4 net profit up 13.63% at Rs 75.60 cr
The company reported standalone net profit of Rs 75.60 crore for the quarter ended March 31, 2021 as compared to Rs 66.53 crore in the same period last year, registering a year-on-year growth of 13.63 per cent. Net revenue of the company rose by 5.79 per cent at Rs 243.11 crore in January-March quarter of this fiscal as against Rs 229.80 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 336.02 per cent to Rs 138.96 crore from Rs 31.87 crore in year ago period. Other Income grew by 0.00 per cent at Rs 0.35 crore versus (Mar'20 Rs 0.00 crore). Operating Profit slipped by 47.38 per cent to Rs 104.15 crore as against Rs 197.93 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 50.26 per cent in March quarter. Interest grew by 0.00 per cent y-o-y to Rs 0.06 crore, while Taxation decreased by 77.57 per cent at Rs 27.76 crore (Mar'20 Rs 123.78 crore).