14 Dec 2019 | 11:22 AM

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COMPANYNEWS
Bajaj Finserv Q1 net profit down 91.95% at Rs 0.49 cr
  Bajaj Finserv Ltd. | 13 Dec 2019 | 04:01 PM
Published on 07-25-2019
The company reported standalone net profit of Rs 0.49 crore for the quarter ended June 30 2019 as compared to Rs 6.09 crore in the same period last year registering a year-on-year decline of 91.95 per cent.


Net revenue of the company declined moderately by 17.54 per cent at Rs 24.30 crore in April-June quarter of this fiscal as against Rs 29.47 crore in the corresponding period last year.


During April-June quarter operating expenses increased by 18.01 per cent to Rs 30.40 crore from Rs 25.76 crore in year ago period.


Other Income grew by 36.86 per cent at Rs 7.24 crore versus (Jun`18 Rs 5.29 crore).


Operating Profit slipped by 264.42 per cent to Rs -6.10 crore as against Rs 3.71 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 299.36 per cent in June quarter.


Taxation decreased by 91.37 per cent at Rs 0.22 crore (Jun`18 Rs 2.55 crore).