Stock Report

CARE Ratings Ltd reports consolidated net profit of Rs. 34.30 crores in Q2FY23



Posted On : 2022-11-09 07:50:35( TIMEZONE : IST )

CARE Ratings Ltd reports consolidated net profit of Rs. 34.30 crores in Q2FY23

CARE Ratings 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. 93.2234 crores during the period ended September 30, 2022 as compared to Rs. 62.0917 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs. 34.3096 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs. 13.6661 crores for the period ended June 30, 2022.

The company has reported EPS of Rs. 11.57 for the period ended September 30, 2022 as compared to Rs. 4.61 for the period ended June 30, 2022.

Financials Q2 FY2023 Q1 FY2023 % Change
Total Income ₹ 93.2234 crs ₹62.0917 crs Up Tick / Down Tick50.14%
Net Profit ₹34.3096 crs ₹13.6661 crs Up Tick / Down Tick151.06%
EPS ₹11.57 ₹4.61 Up Tick / Down Tick150.98%

Financial Results (Q2 FY2023) - YoY Comparison

The company has reported total income of Rs. 93.2234 crores during the period ended September 30, 2022 as compared to Rs.82.2854 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.34.3096 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs.26.6174 crores for the period ended September 30, 2021.

The company has reported EPS of Rs.11.57 for the period ended September 30, 2022 as compared to Rs.8.63 for the period ended September 30, 2021.

Financials Q2 FY2023 Q2 FY2022 % Change
Total Income ₹ 93.2234 crs ₹82.2854 crs Up Tick / Down Tick13.29%
Net Profit ₹34.3096 crs ₹26.6174 crs Up Tick / Down Tick28.90%
EPS ₹11.57 ₹8.63 Up Tick / Down Tick34.07%

Financial Results (Half Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.155.3151 crores during the 6 Months period ended September 30, 2022 as compared to Rs.138.8072 crores during the 6 Months period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.47.9756 crores for the 6 Months period ended September 30, 2022 as against net profit / (loss) of Rs.37.66 crores for the 6 Months period ended September 30, 2021.

The company has reported EPS of Rs.16.18 for the 6 Months period ended September 30, 2022 as compared to Rs.12.52 for the 6 Months period ended September 30, 2021.

Financials Half Year Ended FY2023 Half Year Ended FY2022 % Change
Total Income ₹155.3151 crs ₹138.8072 crs Up Tick / Down Tick11.89%
Net Profit ₹47.9756 crs ₹37.66 crs Up Tick / Down Tick27.39%
EPS ₹16.18 ₹12.52 Up Tick / Down Tick29.23%

Shares of CARE Ratings Limited was last trading in BSE at Rs. 513.05 as compared to the previous close of Rs. 497.30. The total number of shares traded during the day was 16712 in over 1335 trades.

The stock hit an intraday high of Rs. 518.10 and intraday low of 495.00. The net turnover during the day was Rs. 8567784.00.

Source : Equity Bulls

Keywords

CARERatings Q2FY23 H1FY23 ResultUpdate