Avanse Financial Service standalone net profit rises 97.27% in the March 2022 quarter

6 May 2022 , 04:17 PM

Net profit of Avanse Financial Service rose 97.27% to Rs 18.80 crore in the quarter ended March 2022 as against Rs 9.53 crore during the previous quarter ended March 2021. Sales rose 31.37% to Rs 137.47 crore in the quarter ended March 2022 as against Rs 104.64 crore during the previous quarter ended March 2021. For the full year,net profit rose 66.78% to Rs 63.21 crore in the year ended March 2022 as against Rs 37.90 crore during the previous year ended March 2021. Sales rose 14.92% to Rs 479.10 crore in the year ended March 2022 as against Rs 416.91 crore during the previous year ended March 2021.

Particulars	Quarter Ended	Year Ended
?	Mar. 2022	Mar. 2021	% Var.	Mar. 2022	Mar. 2021	% Var.
Sales	137.47	104.64	31	479.10	416.91	15
OPM %	80.61	71.23	–	77.64	76.18	–
PBDT	29.02	16.40	77	98.34	62.40	58
PBT	25.64	12.75	101	85.46	48.55	76
NP	18.80	9.53	97	63.21	37.90	67

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