Incred Financial Services standalone net profit rises 80.69% in the March 2024 quarter

Sales rise 38.75% to Rs 355.92 crore

Net profit of Incred Financial Services rose 80.69% to Rs 90.13 crore in the quarter ended March 2024 as against Rs 49.88 crore during the previous quarter ended March 2023. Sales rose 38.75% to Rs 355.92 crore in the quarter ended March 2024 as against Rs 256.52 crore during the previous quarter ended March 2023.

For the full year,net profit rose 160.68% to Rs 314.90 crore in the year ended March 2024 as against Rs 120.80 crore during the previous year ended March 2023. Sales rose 46.94% to Rs 1269.19 crore in the year ended March 2024 as against Rs 863.75 crore during the previous year ended March 2023.

ParticularsQuarter EndedYear EndedMar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var.Sales355.92256.52 39 1269.19863.75 47 OPM %69.3674.90 -68.7070.10 - PBDT130.54101.13 29 440.26262.47 68 PBT125.1197.36 29 423.03250.81 69 NP90.1349.88 81 314.90120.80 161

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