30 May 2020 | 2:46 PM


CreditAccess Grameen Q2 net profit up 37.33% at Rs 100.88 cr
  CreditAccess Grameen Ltd. | 17 Jan 2020 | 10:51 AM
Published on 10-30-2019
The company reported standalone net profit of Rs 100.88 crore for the quarter ended September 30 2019 as compared to Rs 73.46 crore in the same period last year registering a year-on-year growth of 37.33 per cent.

Net revenue of the company rose substantially by 29.53 per cent at Rs 391.53 crore in July-September quarter of this fiscal as against Rs 302.27 crore in the corresponding period last year.

During July-September quarter operating expenses increased by 41.95 per cent to Rs 123.92 crore from Rs 87.30 crore in year ago period.

Other Income grew by 67.16 per cent at Rs 1.12 crore versus (Sep`18 Rs 0.67 crore).

Operating Profit surged by 20.48 per cent to Rs 267.61 crore as against Rs 222.12 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 6.98 per cent in September quarter.

Interest grew by 27.11 per cent y-o-y to Rs 135.51 crore while Taxation decreased by 35.62 per cent at Rs 26.13 crore (Sep`18 Rs 40.59 crore).