Fedbank Financial Services standalone net profit rises 78.30% in the March 2022 quarter

Sales rise 24.43% to Rs 247.14 crore

Net profit of Fedbank Financial Services rose 78.30% to Rs 41.74 crore in the quarter ended March 2022 as against Rs 23.41 crore during the previous quarter ended March 2021. Sales rose 24.43% to Rs 247.14 crore in the quarter ended March 2022 as against Rs 198.61 crore during the previous quarter ended March 2021.

For the full year,net profit rose 67.71% to Rs 103.46 crore in the year ended March 2022 as against Rs 61.69 crore during the previous year ended March 2021. Sales rose 25.66% to Rs 869.32 crore in the year ended March 2022 as against Rs 691.81 crore during the previous year ended March 2021.

ParticularsQuarter EndedYear EndedMar. 2022Mar. 2021% Var.Mar. 2022Mar. 2021% Var.Sales247.14198.61 24 869.32691.81 26 OPM %61.1062.01 -58.5859.50 - PBDT66.4940.77 63 175.91109.21 61 PBT55.5133.14 68 139.2181.94 70 NP41.7423.41 78 103.4661.69 68

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