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News Details

(01/07/2020 10:40)

The New India Assur posts Q4 net profit of Rs 126.64 cr

The company reported standalone net profit during the quarter stood at Rs 126.64 crore compared to net loss of Rs 270.52 crore in the previous year quarter.

Net revenue of the company rose triple digit by 139.34 per cent at Rs 352.36 crore in January-March quarter of this fiscal as against Rs -895.60 crore in the corresponding period last year.

During January-March quarter, operating expenses increased by 290.60 per cent to Rs 259.71 crore from Rs 66.49 crore in year ago period.

Other Income dipped by 20.88 per cent at Rs 47.22 crore versus (Mar'19 Rs 59.68 crore).

Operating Profit surged by 123.30 per cent to Rs 92.65 crore as against Rs -397.71 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 40.80 per cent in March quarter.

Taxation increased by 119.60 per cent at Rs 13.23 crore (Mar'19 Rs -67.50 crore).