Asit C Mehta Financial Services Ltd Q1FY24 consolidated loss widens to Rs. 4.15 crore

ASIT C.MEHTA FINANCIAL SERVICES LTD. has reported Consolidated financial results for the period ended June 30, 2023.

Financial Results (Q1 FY2024) - QoQ Comparison

The company has reported total income of Rs. 8.0712 crores during the period ended June 30, 2023 as compared to Rs. 9.9265 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. -4.1594 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. -1.3794 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. -8.85 for the period ended June 30, 2023 as compared to Rs. -2.78 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 8.0712 crs	₹9.9265 crs	-18.69%
Net Profit	₹-4.1594 crs	₹-1.3794 crs	201.54%
EPS	₹-8.85	₹-2.78	218.35%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 8.0712 crores during the period ended June 30, 2023 as compared to Rs.7.3640 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.-4.1594 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.-2.7965 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.-8.85 for the period ended June 30, 2023 as compared to Rs.-6.31 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 8.0712 crs	₹7.3640 crs	9.60%
Net Profit	₹-4.1594 crs	₹-2.7965 crs	48.74%
EPS	₹-8.85	₹-6.31	40.25%

Shares of ASIT C.MEHTA FINANCIAL SERVICES LTD. was last trading in BSE at Rs. 129.10 as compared to the previous close of Rs. 133.90. The total number of shares traded during the day was 1013 in over 15 trades.

The stock hit an intraday high of Rs. 138.95 and intraday low of 127.55. The net turnover during the day was Rs. 134176.00.

Source : Equity Bulls

Keywords

AsitCMehtaFinancialServices Q1FY24 ResultUpdate