Tourism Finance Q4 net profit jumps 49.38% at Rs 18.18 cr
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The company reported standalone net profit of Rs 18.18 crore for the quarter ended March 31, 2021 as compared to Rs 12.17 crore in the same period last year, registering a year-on-year growth of 49.38 per cent. Net revenue of the company rose moderately by 9.43 per cent at Rs 59.52 crore in January-March quarter of this fiscal as against Rs 54.39 crore in the corresponding period last year.
During January-March quarter, operating expenses dropped by 54.15 per cent to Rs 5.08 crore from Rs 11.08 crore in year ago period. Other Income dipped by 75.00 per cent at Rs 0.01 crore versus (Mar'20 Rs 0.04 crore).
Operating Profit surged by 25.70 per cent to Rs 54.44 crore as against Rs 43.31 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 14.87 per cent in March quarter. Interest declined by 1.53 per cent y-o-y to Rs 32.08 crore, while Taxation increased by 334.13 per cent at Rs 3.91 crore (Mar'20 Rs -1.67 crore).
