Spandana Sphoorty Fi Q4 net profit zooms 536.07% at Rs 116.21 cr
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The company reported standalone net profit of Rs 116.21 crore for the quarter ended March 31, 2023 as compared to Rs 18.27 crore in the same period last year, registering a year-on-year growth of 536.07 per cent. Net revenue of the company rose substantially by 80.62 per cent at Rs 475.34 crore in January-March quarter of this fiscal as against Rs 263.17 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 36.62 per cent to Rs 202.00 crore from Rs 147.85 crore in year ago period. Other Income grew by 156.85 per cent at Rs 30.00 crore versus (Mar'22 Rs 11.68 crore). Operating Profit surged by 137.03 per cent to Rs 273.34 crore as against Rs 115.32 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 31.22 per cent in March quarter. Interest grew by 43.58 per cent y-o-y to Rs 146.24 crore, while Taxation increased by 769.63 per cent at Rs 37.22 crore (Mar'22 Rs 4.28 crore). |
