MT Educare Ltd consolidated Q2 FY2022-23 loss increases to Rs. 5.71 crores

MT Educare Limited has reported Consolidated financial results for the period ended September 30, 2022.

Financial Results (Q2 FY2023) - QoQ Comparison

The company has reported total income of Rs. 17.1635 crores during the period ended September 30, 2022 as compared to Rs. 20.3003 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs. -5.7199 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs. -2.0747 crores for the period ended June 30, 2022.

The company has reported EPS of Rs. -0.79 for the period ended September 30, 2022 as compared to Rs. -0.29 for the period ended June 30, 2022.

Financials	Q2 FY2023	Q1 FY2023	% Change
Total Income	₹ 17.1635 crs	₹20.3003 crs	-15.45%
Net Profit	₹-5.7199 crs	₹-2.0747 crs	175.70%
EPS	₹-0.79	₹-0.29	172.41%

Financial Results (Q2 FY2023) - YoY Comparison

The company has reported total income of Rs. 17.1635 crores during the period ended September 30, 2022 as compared to Rs.16.7981 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.-5.7199 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs.-2.7117 crores for the period ended September 30, 2021.

The company has reported EPS of Rs.-0.79 for the period ended September 30, 2022 as compared to Rs.-0.38 for the period ended September 30, 2021.

Financials	Q2 FY2023	Q2 FY2022	% Change
Total Income	₹ 17.1635 crs	₹16.7981 crs	2.18%
Net Profit	₹-5.7199 crs	₹-2.7117 crs	110.93%
EPS	₹-0.79	₹-0.38	107.89%

Financial Results (Half Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.37.4638 crores during the 6 Months period ended September 30, 2022 as compared to Rs.41.6454 crores during the 6 Months period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.-7.7946 crores for the 6 Months period ended September 30, 2022 as against net profit / (loss) of Rs.-3.4194 crores for the 6 Months period ended September 30, 2021.

The company has reported EPS of Rs.-1.08 for the 6 Months period ended September 30, 2022 as compared to Rs.-0.48 for the 6 Months period ended September 30, 2021.

Financials	Half Year Ended FY2023	Half Year Ended FY2022	% Change
Total Income	₹37.4638 crs	₹41.6454 crs	-10.04%
Net Profit	₹-7.7946 crs	₹-3.4194 crs	127.95%
EPS	₹-1.08	₹-0.48	125.00%

Shares of MT Educare Limited was last trading in BSE at Rs. 8.85 as compared to the previous close of Rs. 9.02. The total number of shares traded during the day was 2195 in over 10 trades.

The stock hit an intraday high of Rs. 9.03 and intraday low of 8.85. The net turnover during the day was Rs. 19616.00.

Source : Equity Bulls

Keywords

MTEducare Q2FY23 H1FY23 ResultUpdate