Shriram City Union Finance consolidated net profit rises 99 00% in the March 2021 quarter business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Aavas Financiers rose 1.09% to Rs 2295.95 after the housing financier reported 46% jump in net profit to Rs 87.61 crore on 23.5% rise in revenue from operations to Rs 289.41 crore in Q4 FY21 over Q4 FY20.
Profit before tax in Q4 March 2021 stood at Rs 94.98 crore, up 43.1% from Rs 66.37 crore in Q4 March 2020.
Aavas Financiers recorded 16.21% increase in net profit to Rs 289.49 crore on 22.3% rise in revenue from operations to Rs 1103.17 crore in the year ended 31 March 2021 over the year ended 31 March 2021.
Asset Under Management (AUM) as on 31 March 2021 is Rs 9454.30 crore of which home loans contributed 73.5% while other mortgage loans contributed 26.5%. The company s AUM has increased 21% from Rs 7796.1 crore as on 31 March 2020.
Fund raising through issuance of debentures dropped 29 per cent to Rs 10,587 crore in 2020-21 due to decline in credit ratings and escalated risk of default on COVID-19 induced disruptions in capital intensive businesses. Going forward, experts say, the ongoing financial year (2021-22) will see some attractive numbers in non-convertible debenture (NCD) fund raising. We should see money mobilization through NCD route to the tune of 2018-19 levels in FY22 as many companies are entering capex cycle, GDP is projected to grow in double digits and bond yields have started to go up making more case for NCD issuances, Divam Sharma, co-founder at Green Portfolio, said.
Read more about Investors wealth tumbles over Rs 6.86 trillion in trade as markets crash on Business Standard. Investors wealth tumbled by Rs 6,86,708.74 crore in morning trade on Monday following massive losses in the equity market as sentiments remained muted amid increasing Covid-19 cases in the country
Solara Active Pharma Sciences Ltd clocked volume of 8.95 lakh shares by 14:19 IST on NSE, a 12.07 times surge over two-week average daily volume of 74127 shares
Gujarat Alkalies & Chemicals Ltd, Cipla Ltd, AAVAS Financiers Ltd, TTK Prestige Ltd are among the other stocks to see a surge in volumes on NSE today, 12 April 2021.
Solara Active Pharma Sciences Ltd clocked volume of 8.95 lakh shares by 14:19 IST on NSE, a 12.07 times surge over two-week average daily volume of 74127 shares. The stock gained 7.43% to Rs.1,480.10. Volumes stood at 64037 shares in the last session.
Gujarat Alkalies & Chemicals Ltd registered volume of 55.56 lakh shares by 14:19 IST on NSE, a 6.1 fold spurt over two-week average daily volume of 9.10 lakh shares. The stock rose 1.21% to Rs.417.90. Volumes stood at 67.3 lakh shares in the last session.