Sundaram Finance Q4 net profit jumps 59.83% at Rs 209.20 cr
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
The company reported standalone net profit of Rs 209.20 crore for the quarter ended March 31, 2021 as compared to Rs 130.89 crore in the same period last year, registering a year-on-year growth of 59.83 per cent. Net revenue of the company rose marginally by 2.70 per cent at Rs 967.37 crore in January-March quarter of this fiscal as against Rs 941.92 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 0.54 per cent to Rs 251.06 crore from Rs 252.42 crore in year ago period. Other Income grew by 334.45 per cent at Rs 50.44 crore versus (Mar'20 Rs 11.61 crore).
Operating Profit surged by 3.89 per cent to Rs 716.31 crore as against Rs 689.51 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 1.16 per cent in March quarter. Interest declined by 6.00 per cent y-o-y to Rs 484.72 crore, while Taxation increased by 56.10 per cent at Rs 54.12 crore (Mar'20 Rs 34.67 crore).
