15 Dec 2019 | 12:54 AM

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Shriram City Uni Q2 net profit up 19.35% at Rs 297.50 cr
  Shriram City Union Finance Ltd. | 13 Dec 2019 | 04:01 PM
Published on 10-26-2019
The company reported standalone net profit of Rs 297.50 crore for the quarter ended September 30 2019 as compared to Rs 249.27 crore in the same period last year registering a year-on-year growth of 19.35 per cent.

Net revenue of the company declined marginally by 1.70 per cent at Rs 1489.23 crore in July-September quarter of this fiscal as against Rs 1514.97 crore in the corresponding period last year.

During July-September quarter operating expenses dropped by 13.31 per cent to Rs 553.70 crore from Rs 638.69 crore in year ago period.

Other Income grew by 20.24 per cent at Rs 1.01 crore versus (Sep`18 Rs 0.84 crore).

Operating Profit surged by 6.76 per cent to Rs 935.53 crore as against Rs 876.28 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 8.61 per cent in September quarter.

Interest grew by 8.71 per cent y-o-y to Rs 538.38 crore while Taxation decreased by 35.71 per cent at Rs 80.00 crore (Sep`18 Rs 124.44 crore).