Midland Microfin standalone net profit rises 1064.42% in the March 2022 quarter

Sales rise 28.91% to Rs 59.71 crore

Net profit of Midland Microfin rose 1064.42% to Rs 12.11 crore in the quarter ended March 2022 as against Rs 1.04 crore during the previous quarter ended March 2021. Sales rose 28.91% to Rs 59.71 crore in the quarter ended March 2022 as against Rs 46.32 crore during the previous quarter ended March 2021.

For the full year,net profit rose 52.29% to Rs 22.28 crore in the year ended March 2022 as against Rs 14.63 crore during the previous year ended March 2021. Sales rose 14.21% to Rs 219.52 crore in the year ended March 2022 as against Rs 192.21 crore during the previous year ended March 2021.

ParticularsQuarter EndedYear EndedMar. 2022Mar. 2021% Var.Mar. 2022Mar. 2021% Var.Sales59.7146.32 29 219.52192.21 14 OPM %72.4853.78 -62.0065.70 - PBDT15.571.77 780 32.3322.78 42 PBT15.121.08 1300 29.3219.02 54 NP12.111.04 1064 22.2814.63 52

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