New Delhi, May 7 (PTI) Microfinance lender Satin Creditcare Network Ltd (SCNL) on Wednesday reported a 67 per cent fall in net profit to Rs 41 crore for the March quarter.

The company had posted a net profit of Rs 125 crore in the year-ago period, it said in a regulatory filing.

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Total income during the quarter declined to Rs 562 crore from Rs 594 crore a year earlier, it said.

However, total expenses rose to Rs 541 crore as against Rs 427 crore in the same quarter a year ago.

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Its assets under management rose to Rs 12,784 crore at the end of March as against Rs 11,850 crore last year.

(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)