Latest News | Poonawalla Fincorp Q1 Net Profit Jumps by 71pc at Rs 65cr
Get latest articles and stories on Latest News at LatestLY. Poonawalla Fincorp (formerly Magma Fincorp) on Saturday reported over 71 per cent jump in its consolidated net profit at Rs 64.54 crore for the quarter ended June 30, 2021.
New Delhi, Aug 14 (PTI) Poonawalla Fincorp (formerly Magma Fincorp) on Saturday reported over 71 per cent jump in its consolidated net profit at Rs 64.54 crore for the quarter ended June 30, 2021.
The company had posted a net profit of Rs 37.71 crore in the year ago same period. Sequentially, the company had posted a net loss of Rs 647.72 crore in quarter ended March 2021.
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Total income of the company, however, was down at Rs 483.19 crore during April-June period of 2021-22, as against Rs 569.90 crore in same period of 2020-21, the company said in a regulatory filing.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)