Centrum Capital tumbled 4.11% to Rs 45.55 after the company reported a consolidated net loss of Rs 11.71 crore in Q4 FY21 as against a net profit of Rs 28.79 crore in Q4 FY20.
Total income during the quarter declined 4.9% YoY to Rs 148.39 crore. Operating profit dropped by 64.2% to Rs 13.82 crore in Q4 FY21 over Q4 FY20.
Provisions and Write-offs surged to Rs 6.49 crore in Q4 FY21 from Rs 0.78 crore in Q4 FY20.
Profit before tax in the fourth quarter was at Rs 2.82 crore, down 91.4% compared with Rs 32.68 crore in the same period last year.
The company recorded a consolidated net loss of Rs 46.87 crore in FY21 compared with a net profit of Rs 14.45 crore in FY20. Total income declined 6.4% to Rs 513.15 crore in FY21 over FY20.
The Centrum Group has diversified fee businesses and a lending platform for institutions and individuals. institutional services include investment banking, mid-corporates & SME credit and broking to FIIs, pension funds, Indian mutual funds, domestic institutions etc. It also provides MSME credit, wealth management services to HNIs and family offices, affordable housing finance in tier 2 & 3 cities, micro finance loans and retail broking. Its asset management business offers funds across private debt and venture capital.
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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
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