News Details

( As on 09/11/2023 12:12)

Baid Finserv Q2 net profit up 3.23% at Rs 2.56 cr

The company reported standalone net profit of Rs 2.56 crore for the quarter ended September 30, 2023 as compared to Rs 2.48 crore in the same period last year, registering a year-on-year growth of 3.23 per cent.

Net revenue of the company rose moderately by 8.22 per cent at Rs 14.48 crore in July-September quarter of this fiscal as against Rs 13.38 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 20.39 per cent to Rs 6.20 crore from Rs 5.15 crore in year ago period.

Other Income grew by 0.00 per cent at Rs 0.25 crore versus (Sep'22 Rs 0.00 crore).

Operating Profit surged by 6.92 per cent to Rs 8.81 crore as against Rs 8.24 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1.19 per cent in September quarter.

Interest grew by 14.08 per cent y-o-y to Rs 5.51 crore, while Taxation increased by 3.61 per cent at Rs 0.86 crore (Sep'22 Rs 0.83 crore).