Sundaram Finance Q4 net profit jumps 42.83% at Rs 298.80 cr
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The company reported standalone net profit of Rs 298.80 crore for the quarter ended March 31, 2022 as compared to Rs 209.20 crore in the same period last year, registering a year-on-year growth of 42.83 per cent. Net revenue of the company declined marginally by 2.86 per cent at Rs 939.74 crore in January-March quarter of this fiscal as against Rs 967.37 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 44.47 per cent to Rs 139.41 crore from Rs 251.06 crore in year ago period. Other Income dipped by 82.85 per cent at Rs 8.65 crore versus (Mar'21 Rs 50.44 crore). Operating Profit surged by 11.73 per cent to Rs 800.33 crore as against Rs 716.31 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 15.02 per cent in March quarter. Interest declined by 15.23 per cent y-o-y to Rs 410.89 crore, while Taxation increased by 46.18 per cent at Rs 79.11 crore (Mar'21 Rs 54.12 crore).
