CARE Ratings Ltd reports consolidated PAT of Rs. 15.95 crores in Q3FY23

CARE Ratings Limited has reported Consolidated financial results for the period ended December 31, 2022.

Financial Results (Q3 FY2023) - QoQ Comparison

The company has reported total income of Rs. 73.7349 crores during the period ended December 31, 2022 as compared to Rs. 93.2234 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. 15.9510 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. 34.3096 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. 5.38 for the period ended December 31, 2022 as compared to Rs. 11.57 for the period ended September 30, 2022.

Financials	Q3 FY2023	Q2 FY2023	% Change
Total Income	₹73.7349 crs	₹93.2234 crs	-20.91%
Net Profit	₹15.9510 crs	₹34.3096 crs	-53.51%
EPS	₹5.38	₹11.57	-53.50%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.73.7349 crores during the period ended December 31, 2022 as compared to Rs.62.9587 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.15.9510 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.14.5478 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.5.38 for the period ended December 31, 2022 as compared to Rs.4.74 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹73.7349 crs	₹62.9587 crs	17.12%
Net Profit	₹15.9510 crs	₹14.5478 crs	9.65%
EPS	₹5.38	₹4.74	13.50%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.229.05 crores during the 9 Months period ended December 31, 2022 as compared to Rs.201.7659 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.63.9268 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.52.2080 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.21.56 for the 9 Months period ended December 31, 2022 as compared to Rs.17.49 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹229.05 crs	₹201.7659 crs	13.52%
Net Profit	₹63.9268 crs	₹52.2080 crs	22.45%
EPS	₹21.56	₹17.49	23.27%

Shares of CARE Ratings Limited was last trading in BSE at Rs. 624.05 as compared to the previous close of Rs. 644.10. The total number of shares traded during the day was 9555 in over 1004 trades.

The stock hit an intraday high of Rs. 647.75 and intraday low of 619.25. The net turnover during the day was Rs. 5985715.00.

Source : Equity Bulls

Keywords

CARERatings Q3FY23 9MFY23 ResultUpdate