Sundaram Finance Holdings Q4 net profit zooms 325.13% at Rs 31.63 cr
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
The company reported standalone net profit of Rs 31.63 crore for the quarter ended March 31, 2022 as compared to Rs 7.44 crore in the same period last year, registering a year-on-year growth of 325.13 per cent. Net revenue of the company rose triple digit by 155.66 per cent at Rs 36.38 crore in January-March quarter of this fiscal as against Rs 14.23 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 8.23 per cent to Rs 5.00 crore from Rs 4.62 crore in year ago period. Other Income grew by 0.00 per cent at Rs 0.49 crore versus (Mar'21 Rs 0.49 crore). Operating Profit surged by 226.77 per cent to Rs 31.37 crore as against Rs 9.60 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 27.76 per cent in March quarter. Interest grew by 100.00 per cent y-o-y to Rs 0.06 crore, while Taxation decreased by 99.59 per cent at Rs 0.01 crore (Mar'21 Rs 2.45 crore).
