Avanse Financial Services standalone net profit rises 78.32% in the March 2024 quarter

Sales rise 59.70% to Rs 490.11 crore

Net profit of Avanse Financial Services rose 78.32% to Rs 90.98 crore in the quarter ended March 2024 as against Rs 51.02 crore during the previous quarter ended March 2023. Sales rose 59.70% to Rs 490.11 crore in the quarter ended March 2024 as against Rs 306.89 crore during the previous quarter ended March 2023.

For the full year,net profit rose 117.19% to Rs 342.57 crore in the year ended March 2024 as against Rs 157.73 crore during the previous year ended March 2023. Sales rose 74.43% to Rs 1726.16 crore in the year ended March 2024 as against Rs 989.60 crore during the previous year ended March 2023.

ParticularsQuarter EndedYear EndedMar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var.Sales490.11306.89 60 1726.16989.60 74 OPM %77.1876.00 -78.4277.19 - PBDT130.3971.80 82 480.11224.63 114 PBT122.8468.10 80 459.63211.33 117 NP90.9851.02 78 342.57157.73 117

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