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Transcorp International announces Q3FY22 earnings
Posted On : 2022-02-09 07:16:05( TIMEZONE : IST )
Transcorp International Limited, announced its financial results for the quarter and nine months ended 31st December 2021. Mr. Gopal Sharma, Managing Director of the Company reported that during the quarter ended 31st December 2021, the company reported revenue of Rs. 699.31 Crores with standalone EBITDA of Rs. 1.24 Crores and standalone Cash Profit before tax of Rs. 0.81 Crores with standalone profit before tax of Rs. 0.29 Crores and consolidated profit before tax of Rs. 11.19 Crores. Mr. Sharma further reported that the standalone Net profit for the nine months ended 31st December 2021 was Rs. 0.03 Crores which was Rs. (-) 2.49 Crores for the nine months ended 31st December 2020.
Mr. Gopal Sharma, Managing Director of the Company commented that during the quarter ended 31st December 2021 the company achieved a growth of 150% over the revenues of previous quarter and the company is in profitsfor the nine months ended 31st December 2021. The outward remittance business and PPI payment system business as well as Banking Correspondence business have continued to give profits.
For consolidated results Mr. Sharma commented that during the quarter ended 31st December 2021 wholly owned subsidiary of the company named Transcorp Estates Private Limited sold a part of its investments in start-up company and earned very good profits and as a result of the same the consolidated profit after tax of the company was Rs. 11.15 Crores for the quarter ended 31st December 2021 and Rs. 10.77 Crores for the nine months ended 31st December 2021.
Mr. Ayan Agarwal, Vice President-Payment Systems stated that company continuingly making efforts for becoming a significant player in the Pre-paid Card Industry. As on 31st December 2021 Transcorp achieved an important milestone of issuing 7,40,000 pre-paid cards.
Shares of TRANSCORP INTERNATIONAL LTD. was last trading in BSE at Rs. 23.35 as compared to the previous close of Rs. 22.50. The total number of shares traded during the day was 7443 in over 78 trades.
The stock hit an intraday high of Rs. 23.60 and intraday low of 21.70. The net turnover during the day was Rs. 173809.00.
