Stock Report

Shriram Asset Management Company Ltd Q2 FY2023-24 loss widens to Rs. 2.25 crore



Posted On : 2023-11-05 15:00:32( TIMEZONE : IST )

Shriram Asset Management Company Ltd Q2 FY2023-24 loss widens to Rs. 2.25 crore

SHRIRAM ASSET MANAGEMENT CO.LTD. has reported Standalone financial results for the period ended September 30, 2023.

Financial Results (Q2 FY2024) - QoQ Comparison

The company has reported total income of Rs. 1.8054 crores during the period ended September 30, 2023 as compared to Rs. 2.0960 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. -2.2521 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. -0.8599 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. -2.93 for the period ended September 30, 2023 as compared to Rs. -1.33 for the period ended June 30, 2023.

Financials Q2 FY2024 Q1 FY2024 % Change
Total Income ₹ 1.8054 crs ₹2.0960 crs Up Tick / Down Tick-13.86%
Net Profit ₹-2.2521 crs ₹-0.8599 crs Up Tick / Down Tick161.90%
EPS ₹-2.93 ₹-1.33 Up Tick / Down Tick120.30%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs. 1.8054 crores during the period ended September 30, 2023 as compared to Rs.1.7713 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.-2.2521 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.-0.9931 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.-2.93 for the period ended September 30, 2023 as compared to Rs.-1.66 for the period ended September 30, 2022.

Financials Q2 FY2024 Q2 FY2023 % Change
Total Income ₹ 1.8054 crs ₹1.7713 crs Up Tick / Down Tick1.93%
Net Profit ₹-2.2521 crs ₹-0.9931 crs Up Tick / Down Tick126.77%
EPS ₹-2.93 ₹-1.66 Up Tick / Down Tick76.51%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.3.9013 crores during the 6 Months period ended September 30, 2023 as compared to Rs.2.6641 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.-3.1121 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.-2.6661 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.-4.40 for the 6 Months period ended September 30, 2023 as compared to Rs.-4.44 for the 6 Months period ended September 30, 2022.

Financials Half Year Ended FY2024 Half Year Ended FY2023 % Change
Total Income ₹3.9013 crs ₹2.6641 crs Up Tick / Down Tick46.44%
Net Profit ₹-3.1121 crs ₹-2.6661 crs Up Tick / Down Tick16.73%
EPS ₹-4.40 ₹-4.44 Up Tick / Down Tick0.90%

Shares of SHRIRAM ASSET MANAGEMENT CO.LTD. was last trading in BSE at Rs. 212.45 as compared to the previous close of Rs. 214.60. The total number of shares traded during the day was 1252 in over 18 trades.

The stock hit an intraday high of Rs. 214.60 and intraday low of 210.25. The net turnover during the day was Rs. 266065.00.

Source : Equity Bulls

Keywords

ShriramAssetManagementCompany Q2FY24 H1FY24 ResultUpdate