Stock Report

CARE Ratings Ltd Q2 FY2024 consolidated net profit increases to Rs. 35.17 crores



Posted On : 2023-11-01 05:19:33( TIMEZONE : IST )

CARE Ratings Ltd Q2 FY2024 consolidated net profit increases to Rs. 35.17 crores

CARE Ratings Limited has reported Consolidated financial results for the period ended September 30, 2023.

Financial Results (Q2 FY2024) - QoQ Comparison

The company has reported total income of Rs. 107.6281 crores during the period ended September 30, 2023 as compared to Rs. 77.9520 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. 35.1741 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. 17.8099 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. 11.79 for the period ended September 30, 2023 as compared to Rs. 5.99 for the period ended June 30, 2023.

Financials Q2 FY2024 Q1 FY2024 % Change
Total Income ₹ 107.6281 crs ₹77.9520 crs Up Tick / Down Tick38.07%
Net Profit ₹35.1741 crs ₹17.8099 crs Up Tick / Down Tick97.50%
EPS ₹11.79 ₹5.99 Up Tick / Down Tick96.83%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs. 107.6281 crores during the period ended September 30, 2023 as compared to Rs.93.2234 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.35.1741 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.34.3096 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.11.79 for the period ended September 30, 2023 as compared to Rs.11.57 for the period ended September 30, 2022.

Financials Q2 FY2024 Q2 FY2023 % Change
Total Income ₹ 107.6281 crs ₹93.2234 crs Up Tick / Down Tick15.45%
Net Profit ₹35.1741 crs ₹34.3096 crs Up Tick / Down Tick2.52%
EPS ₹11.79 ₹11.57 Up Tick / Down Tick1.90%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.185.5801 crores during the 6 Months period ended September 30, 2023 as compared to Rs.155.3151 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.52.9841 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.47.9756 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.17.78 for the 6 Months period ended September 30, 2023 as compared to Rs.16.18 for the 6 Months period ended September 30, 2022.

Financials Half Year Ended FY2024 Half Year Ended FY2023 % Change
Total Income ₹185.5801 crs ₹155.3151 crs Up Tick / Down Tick19.49%
Net Profit ₹52.9841 crs ₹47.9756 crs Up Tick / Down Tick10.44%
EPS ₹17.78 ₹16.18 Up Tick / Down Tick9.89%

Shares of CARE Ratings Limited was last trading in BSE at Rs. 910.45 as compared to the previous close of Rs. 903.60. The total number of shares traded during the day was 750 in over 182 trades.

The stock hit an intraday high of Rs. 924.95 and intraday low of 907.50. The net turnover during the day was Rs. 685439.00.

Source : Equity Bulls

Keywords

CARERatings Q2FY24 H1FY24 ResultUpdate