Aditya Birla Money L Q2 net profit up 37.26% at Rs 2.91 cr
17/10/2019 16:08
The company reported standalone net profit of Rs 2.91 crore for the quarter ended September 30, 2019 as compared to Rs 2.12 crore in the same period last year, registering a year-on-year growth of 37.26 per cent.

Net revenue of the company declined moderately by 6.02 per cent at Rs 39.05 crore in July-September quarter of this fiscal as against Rs 41.55 crore in the corresponding period last year.

During July-September quarter, operating expenses dropped by 8.26 per cent to Rs 28.76 crore from Rs 31.35 crore in year ago period.

Other Income grew by 29.47 per cent at Rs 1.23 crore versus (Sep'18 Rs 0.95 crore).

Operating Profit surged by 0.88 per cent to Rs 10.28 crore as against Rs 10.19 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 7.38 per cent in September quarter.

Interest declined by 21.90 per cent y-o-y to Rs 5.85 crore, while Taxation increased by 9.35 per cent at Rs 1.17 crore (Sep'18 Rs 1.07 crore).