19 Jan 2021 | 1:28 PM

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Spandana Sphoorty Fi Q2 net profit down 42.24% at Rs 42.50 cr
  Spandana Sphoorty Financial Ltd. | 17 Jan 2020 | 10:51 AM
Published on 10-31-2019
The company reported standalone net profit of Rs 42.50 crore for the quarter ended September 30 2019 as compared to Rs 73.58 crore in the same period last year registering a year-on-year decline of 42.24 per cent.


Net revenue of the company rose substantially by 36.71 per cent at Rs 350.71 crore in July-September quarter of this fiscal as against Rs 256.54 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 35.58 per cent to Rs 71.76 crore from Rs 52.93 crore in year ago period.


Other Income grew by 19700.00 per cent at Rs 7.92 crore versus (Sep`18 Rs 0.04 crore).


Operating Profit surged by 37.45 per cent to Rs 280.86 crore as against Rs 204.33 crore in the year ago period while Operating Profit Margin (OPM) expanded year-on-year to 0.54 per cent in September quarter.


Interest grew by 11.37 per cent y-o-y to Rs 99.10 crore while Taxation increased by 262.57 per cent at Rs 144.81 crore (Sep`18 Rs 39.94 crore).