Asirvad Microfinance reports standalone net loss of Rs 7.12 crore in the March 2022 quarter

Sales rise 35.32% to Rs 365.61 crore

Net loss of Asirvad Microfinance reported to Rs 7.12 crore in the quarter ended March 2022 as against net profit of Rs 4.12 crore during the previous quarter ended March 2021. Sales rose 35.32% to Rs 365.61 crore in the quarter ended March 2022 as against Rs 270.18 crore during the previous quarter ended March 2021.

For the full year,net profit declined 20.44% to Rs 13.43 crore in the year ended March 2022 as against Rs 16.88 crore during the previous year ended March 2021. Sales rose 25.63% to Rs 1309.00 crore in the year ended March 2022 as against Rs 1041.98 crore during the previous year ended March 2021.

ParticularsQuarter EndedYear EndedMar. 2022Mar. 2021% Var.Mar. 2022Mar. 2021% Var.Sales365.61270.18 35 1309.001041.98 26 OPM %40.2640.96 -44.4045.67 - PBDT6.159.71 -37 53.8442.52 27 PBT-9.925.60 PL 18.6130.68 -39 NP-7.124.12 PL 13.4316.88 -20

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