30 May 2020 | 2:16 PM

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Aavas Financiers Q1 net profit jumps 50.68% at Rs 45.31 cr
  Aavas Financiers Ltd. | 17 Jan 2020 | 10:51 AM
Published on 08-01-2019
The company reported standalone net profit of Rs 45.31 crore for the quarter ended June 30 2019 as compared to Rs 30.07 crore in the same period last year registering a year-on-year growth of 50.68 per cent.


Net revenue of the company rose substantially by 35.22 per cent at Rs 197.44 crore in April-June quarter of this fiscal as against Rs 146.01 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 14.02 per cent to Rs 50.82 crore from Rs 44.57 crore in year ago period.


Other Income dipped by 70.37 per cent at Rs 0.08 crore versus (Jun`18 Rs 0.27 crore).


Operating Profit surged by 43.38 per cent to Rs 146.62 crore as against Rs 102.26 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 6.03 per cent in June quarter.


Interest grew by 38.27 per cent y-o-y to Rs 80.39 crore while Taxation increased by 50.43 per cent at Rs 19.03 crore (Jun`18 Rs 12.65 crore).