V.B. Desai Financial Services Reports 63.7% Jump in Q1 Net Profit
VB Desai Financial Services Limited announced a significant increase in its Q1 FY24 financial performance. Net profit rose by 63.7% year-on-year to Rs 20.28 crore. Revenue from operations increased by 24.75% to Rs 96.46 crore, while total income grew by 49.95% to Rs 123.45 crore. The company's EPS improved from Rs 0.27 to Rs 0.45. Other income saw a substantial increase, contributing to overall profit growth. Despite higher expenses, the company maintained profitability through effective cost management.