03 Aug 2020 | 8:11 PM

News

COMPANYNEWS
Arman Financial Serv Q2 net profit zooms 202.79% at Rs 5.42 cr
  Arman Financial Services Ltd. | 16 Jan 2020 | 03:42 PM
Published on 12-12-2019
The company reported standalone net profit of Rs 5.42 crore for the quarter ended September 30 2019 as compared to Rs 1.79 crore in the same period last year registering a year-on-year growth of 202.79 per cent.


Net revenue of the company rose substantially by 57.16 per cent at Rs 17.13 crore in July-September quarter of this fiscal as against Rs 10.90 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 32.97 per cent to Rs 4.88 crore from Rs 3.67 crore in year ago period.


Other Income grew by 983.33 per cent at Rs 0.65 crore versus (Sep`18 Rs 0.06 crore).


Operating Profit surged by 69.57 per cent to Rs 12.26 crore as against Rs 7.23 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 7.87 per cent in September quarter.


Interest grew by 14.41 per cent y-o-y to Rs 5.32 crore while Taxation increased by 160.98 per cent at Rs 2.14 crore (Sep`18 Rs 0.82 crore).