Listed NBFC Aye Finance’s net profit for the September quarter surged 151% to ₹86.7 Cr from ₹34.5 Cr in the year-ago quarter. On a sequential basis, profit increased 16% from ₹74.5 Cr.
Operating revenue for the quarter zoomed 18% YoY and 8% QoQ to ₹514.4 Cr. Including other income of ₹12.7 Cr, total income for the quarter stood at ₹527.1 Cr.
Total expenses increased by about ₹8 Cr from the year-ago quarter to ₹411.3 Cr. Tax expenses for the quarter grew multifold to ₹29.1 Cr.
(The story will be updated soon)
The post Aye Finance Q2: Profit Surges 151% YoY To ₹87 Cr, Revenue Crosses ₹500 Cr Mark appeared first on Inc42 Media.