Kanakadurga Financial Services standalone net profit declines 71.89% in the March 2022 quarter

Sales decline 13.01% to Rs 24.75 crore

Net profit of Kanakadurga Financial Services declined 71.89% to Rs 1.65 crore in the quarter ended March 2022 as against Rs 5.87 crore during the previous quarter ended March 2021. Sales declined 13.01% to Rs 24.75 crore in the quarter ended March 2022 as against Rs 28.45 crore during the previous quarter ended March 2021.

For the full year,net profit declined 70.37% to Rs 3.33 crore in the year ended March 2022 as against Rs 11.24 crore during the previous year ended March 2021. Sales declined 16.08% to Rs 93.78 crore in the year ended March 2022 as against Rs 111.75 crore during the previous year ended March 2021.

ParticularsQuarter EndedYear EndedMar. 2022Mar. 2021% Var.Mar. 2022Mar. 2021% Var.Sales24.7528.45 -13 93.78111.75 -16 OPM %58.7978.31 -54.9562.33 - PBDT2.9710.26 -71 8.0318.37 -56 PBT1.747.88 -78 4.1615.04 -72 NP1.655.87 -72 3.3311.24 -70

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