Manipal Finance Corporation standalone net profit declines 95.32% in the March 2021 quarter

Sales rise 37.50% to Rs 0.11 crore

Net profit of Manipal Finance Corporation declined 95.32% to Rs 0.31 crore in the quarter ended March 2021 as against Rs 6.62 crore during the previous quarter ended March 2020. Sales rose 37.50% to Rs 0.11 crore in the quarter ended March 2021 as against Rs 0.08 crore during the previous quarter ended March 2020.

For the full year,net profit declined 87.57% to Rs 0.83 crore in the year ended March 2021 as against Rs 6.68 crore during the previous year ended March 2020. Sales rose 20.00% to Rs 0.30 crore in the year ended March 2021 as against Rs 0.25 crore during the previous year ended March 2020.

ParticularsQuarter EndedYear EndedMar. 2021Mar. 2020% Var.Mar. 2021Mar. 2020% Var.Sales0.110.08 38 0.300.25 20 OPM %18.18-50.00 -13.33-72.00 - PBDT0.02-0.03 LP 0.05-0.28 LP PBT0.01-0.04 LP 0-0.34 100 NP0.316.62 -95 0.836.68 -88

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