Ajcon Global Services Ltd Q3FY23 consolidated profit at Rs. 21.23 lakhs

AJCON GLOBAL SERVICES LTD. 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. 1.9131 crores during the period ended December 31, 2022 as compared to Rs. 2.2048 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. 0.2123 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. 0.4192 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. 0.35 for the period ended December 31, 2022 as compared to Rs. 0.69 for the period ended September 30, 2022.

Financials	Q3 FY2023	Q2 FY2023	% Change
Total Income	₹1.9131 crs	₹2.2048 crs	-13.23%
Net Profit	₹0.2123 crs	₹0.4192 crs	-49.36%
EPS	₹0.35	₹0.69	-49.28%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.1.9131 crores during the period ended December 31, 2022 as compared to Rs.10.4221 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.0.2123 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.0.3013 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.0.35 for the period ended December 31, 2022 as compared to Rs.0.49 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹1.9131 crs	₹10.4221 crs	-81.64%
Net Profit	₹0.2123 crs	₹0.3013 crs	-29.54%
EPS	₹0.35	₹0.49	-28.57%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.6.6167 crores during the 9 Months period ended December 31, 2022 as compared to Rs.20.4941 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.0.7911 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.1.5895 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.1.29 for the 9 Months period ended December 31, 2022 as compared to Rs.2.60 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹6.6167 crs	₹20.4941 crs	-67.71%
Net Profit	₹0.7911 crs	₹1.5895 crs	-50.23%
EPS	₹1.29	₹2.60	-50.38%

Asset Quality:

Asset Quality	Q3 FY2023	Q2 FY2023	Q3 FY2022
Gross NPA	₹ crs	₹ crs	₹ crs
Gross NPA %	%	%	%
Net NPA	₹ crs	₹ crs	₹ crs
Net NPA %	%	%	%

Gross NPA was at ₹ crs in Q3 FY2023 against ₹ crs in Q3 FY2022. The same was at ₹ crs in Q2 FY2023.

Net NPA was at ₹ crs in Q3 FY2023 against ₹ crs in Q3 FY2022. The same was at ₹ crs in Q2 FY2023.

GNPA was at % of Gross advances as on December 31, 2022 as compared to % as on December 31, 2021 and % as of September 30, 2022.

Net NPA was at % of Gross advances as on December 31, 2022 as compared to % as on December 31, 2021 and % as of September 30, 2022.

Ratios	Q3 FY2023	Q2 FY2023	Q3 FY2022
RoA %	%	%	%
CAR (BASEL III) %	%	%	%

Return on Average Assets (RoA) is at % for Q3 FY2023 against % in Q2 FY2023 and % in Q3 FY2022.

In Q3 FY2023, Bank's total Capital Adequacy Ratio (CAR) was at %, as compared to % in Q2 FY2023 and % in Q3 FY2022.

Shares of AJCON GLOBAL SERVICES LTD. was last trading in BSE at Rs. 32.55 as compared to the previous close of Rs. 31.35. The total number of shares traded during the day was 138 in over 18 trades.

The stock hit an intraday high of Rs. 32.90 and intraday low of 31.60. The net turnover during the day was Rs. 4371.00.

Source : Equity Bulls

Keywords

AjconGlobalServices Q3FY23 9MFY23 ResultUpdate