Genesis Finance Company standalone net profit declines 98.53% in the March 2024 quarter

Sales decline 17.66% to Rs 6.06 crore

Net profit of Genesis Finance Company declined 98.53% to Rs 0.01 crore in the quarter ended March 2024 as against Rs 0.68 crore during the previous quarter ended March 2023. Sales declined 17.66% to Rs 6.06 crore in the quarter ended March 2024 as against Rs 7.36 crore during the previous quarter ended March 2023.

For the full year,net profit declined 38.86% to Rs 5.46 crore in the year ended March 2024 as against Rs 8.93 crore during the previous year ended March 2023. Sales declined 20.68% to Rs 23.51 crore in the year ended March 2024 as against Rs 29.64 crore during the previous year ended March 2023.

ParticularsQuarter EndedYear EndedMar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var.Sales6.067.36 -18 23.5129.64 -21 OPM %35.8164.40 -62.0673.72 - PBDT1.072.50 -57 9.4113.73 -31 PBT0.992.45 -60 9.2313.52 -32 NP0.010.68 -99 5.468.93 -39

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