28 May 2020 | 7:22 AM


Bharat Financial Inc Q4 net profit jumps 52.57% at Rs 321.17 cr
  Bharat Financial Inclusion Ltd. | 02 Jul 2019 | 04:01 PM
Published on 05-22-2019
The company reported standalone net profit of Rs 321.17 crore for the quarter ended March 31 2019 as compared to Rs 210.51 crore in the same period last year registering a year-on-year growth of 52.57 per cent.

Net revenue of the company rose substantially by 57.84 per cent at Rs 851.01 crore in January-March quarter of this fiscal as against Rs 539.16 crore in the corresponding period last year.

During January-March quarter operating expenses increased by 24.90 per cent to Rs 243.32 crore from Rs 194.81 crore in year ago period.

Operating Profit surged by 76.47 per cent to Rs 607.69 crore as against Rs 344.35 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 11.81 per cent in March quarter.

Interest declined by 0.20 per cent y-o-y to Rs 180.92 crore while Taxation increased by 14337.14 per cent at Rs 99.66 crore (Mar`18 Rs -0.70 crore).