Stock Report

CARE Ratings Ltd posts consolidated net profit of Rs. 23.45 crores in Q3 FY2024



Posted On : 2024-01-24 20:41:13( TIMEZONE : IST )

CARE Ratings Ltd posts consolidated net profit of Rs. 23.45 crores in Q3 FY2024

CARE Ratings Limited has reported Consolidated financial results for the period ended December 31, 2023.

Financial Results (Q3 FY2024) - QoQ Comparison

The company has reported total income of Rs. 92.3592 crores during the period ended December 31, 2023 as compared to Rs. 107.6281 crores during the period ended September 30, 2023.

The company has posted net profit / (loss) of Rs. 23.4558 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs. 35.1741 crores for the period ended September 30, 2023.

The company has reported EPS of Rs. 7.85 for the period ended December 31, 2023 as compared to Rs. 11.79 for the period ended September 30, 2023.

Financials Q3 FY2024 Q2 FY2024 % Change
Total Income ₹ 92.3592 crs ₹107.6281 crs Up Tick / Down Tick-14.19%
Net Profit ₹23.4558 crs ₹35.1741 crs Up Tick / Down Tick-33.32%
EPS ₹7.85 ₹11.79 Up Tick / Down Tick-33.42%

Financial Results (Q3 FY2024) - YoY Comparison

The company has reported total income of Rs. 92.3592 crores during the period ended December 31, 2023 as compared to Rs.73.7349 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.23.4558 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs.15.9510 crores for the period ended December 31, 2022.

The company has reported EPS of Rs.7.85 for the period ended December 31, 2023 as compared to Rs.5.38 for the period ended December 31, 2022.

Financials Q3 FY2024 Q3 FY2023 % Change
Total Income ₹ 92.3592 crs ₹73.7349 crs Up Tick / Down Tick25.26%
Net Profit ₹23.4558 crs ₹15.9510 crs Up Tick / Down Tick47.05%
EPS ₹7.85 ₹5.38 Up Tick / Down Tick45.91%

Financial Results (9 Months Ended FY2024) - YoY Comparison

The company has reported total income of Rs.277.9393 crores during the 9 Months period ended December 31, 2023 as compared to Rs.229.05 crores during the 9 Months period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.76.44 crores for the 9 Months period ended December 31, 2023 as against net profit / (loss) of Rs.63.9268 crores for the 9 Months period ended December 31, 2022.

The company has reported EPS of Rs.25.64 for the 9 Months period ended December 31, 2023 as compared to Rs.21.56 for the 9 Months period ended December 31, 2022.

Financials 9 Months Ended FY2024 9 Months Ended FY2023 % Change
Total Income ₹277.9393 crs ₹229.05 crs Up Tick / Down Tick21.34%
Net Profit ₹76.44 crs ₹63.9268 crs Up Tick / Down Tick19.57%
EPS ₹25.64 ₹21.56 Up Tick / Down Tick18.92%

Shares of CARE Ratings Limited was last trading in BSE at Rs. 987.45 as compared to the previous close of Rs. 955.90. The total number of shares traded during the day was 4478 in over 802 trades.

The stock hit an intraday high of Rs. 999.25 and intraday low of 956.10. The net turnover during the day was Rs. 4365609.00.

Source : Equity Bulls

Keywords

CARERatings Q3FY24 9MFY24 ResultUpdate