'SBFC
Finance has posted strong 68% surge in the net profit to Rs 78.72 crore in the
quarter ended June 2024 (Q1FY2025). The income from operation of SBFC Finance
increased 28% to Rs 287.07 crore in Q1FY2025. Overall OPM increased to 76.1% in
Q1FY2025 from 73.5% in Q1FY2024, leading to 33% rise in operating profit to Rs 218.45
crore.
The
employee expenses increased 30% to Rs 60.77 crore and other expense declined 1%
to Rs 18.28 crore.
Other
income declined 97% to Rs 0.01 crore. Interest cost increased 7% to Rs 94.76
crore. Depreciation moved up 21% to Rs 3.76 crore. The provisions increased 46%
to Rs 14.81 crore in Q1FY2025. PBT moved up 67% to Rs 105.13 crore.
The
effective tax rate declined to 25.1% in Q1FY2025 compared to 25.2% in Q1FY2024.
Provision for tax was expense of Rs 26.41 crore, compared to Rs 15.81 crore.
Profit after tax surged 68% to Rs 78.72 crore.
Business highlights
...
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