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Northern Arc Capital Q2 results: Net profit rises 24% to Rs 98 cr

Business Standard LogoBusiness Standard2d ago

Northern Arc Capital Q2 results: Net profit rises 24% to Rs 98 cr - Business Standard

Quick Summary:

NBFC firm Northern Arc Capital, which listed on the bourses last month, reported a 24 per cent increase in consolidated net profit to Rs 96 crore for the second quarter ended September 2024.

The total income increased to Rs 585 crore during the quarter under review against Rs 437 crore in the same quarter last year, Northern Arc Capital Ltd said in a regulatory filing.

During the quarter, the NBFC firm raised fresh equity capital of Rs 500 crore through an initial public offering.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 17:55:29 (2 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 302 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23326848

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Official Website: business-standard.com

Update Frequency: 224 posts per day

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News Last Updated: 8 hours ago

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Publisher ID: #49

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