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Satin Creditcare Network reports 50% rise in Q3 consolidated net profit

04 Feb 2019 Evaluate

Satin Creditcare Network has reported results for third quarter ended December 31, 2018.

The company has reported a rise of 43.37% in its net profit at Rs 70.01 crore for the quarter under review as compared to Rs 48.83 crore for the same quarter in the previous year. Total income of the company increased by 56.16% at Rs 383.55 crore for Q3FY19 as compared Rs 245.61 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 50.18% in its net profit at Rs 71.41 crore for the quarter under review as compared to Rs 47.55 crore for the same quarter in the previous year. Total income of the company increased by 54.99% at Rs 402.21 crore for Q3FY19 as compared Rs 259.51 crore for the corresponding quarter previous year.

Peers
Company Name CMP
Power Finance Corpn. 328.00
REC 300.00
NHIT 168.00
Satin Creditcare Net 223.65
IFCI 67.34
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