The total income of the company registered a growth of 20 per cent to Rs 191.28 crores in the current year. The increased operational expenses led to marginal rise in the net profit to Rs 22.29 crore from Rs 22.21 crore in the previous year. The profit before tax of rose 2 per cent to Rs 34.16 crores
During the quarter ended 31st March 2015 the total income for the company increased to Rs 51.97 crores from Rs 45.50 crores during the corresponding quarter last year, registering a growth of 14 per cent. The net profit increased to Rs6.15 crores, compared to Rs 5.96 crores in the corresponding quarter in the previous year, recording a growth of 3 per cent.
The company has been expanding its activities in the five South Indian States and Goa, Maharashtra and Gujarat under two wheeler financing segment. It disbursed 1,38,832 loans in the year 2014-2015 amounting to Rs 592 crores. The outstanding loan amount increased from Rs 692 crores as on March 31, 2014 to Rs 840 crores last year.
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