Shriram Asset Management Company Ltd Q3 FY23 loss at Rs. 41.94 lakhs

SHRIRAM ASSET MANAGEMENT CO.LTD. has reported Standalone financial results for the period ended December 31, 2022.

Financial Results (Q3 FY2023) - QoQ Comparison

The company has reported total income of Rs. 1.6792 crores during the period ended December 31, 2022 as compared to Rs. 1.7713 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. -0.4194 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. -0.9932 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. -0.70 for the period ended December 31, 2022 as compared to Rs. -1.66 for the period ended September 30, 2022.

Financials	Q3 FY2023	Q2 FY2023	% Change
Total Income	₹1.6792 crs	₹1.7713 crs	-5.20%
Net Profit	₹-0.4194 crs	₹-0.9932 crs	57.77%
EPS	₹-0.70	₹-1.66	57.83%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.1.6792 crores during the period ended December 31, 2022 as compared to Rs.1.0767 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.-0.4194 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.-0.1502 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.-0.70 for the period ended December 31, 2022 as compared to Rs.-0.25 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹1.6792 crs	₹1.0767 crs	55.96%
Net Profit	₹-0.4194 crs	₹-0.1502 crs	179.23%
EPS	₹-0.70	₹-0.25	180.00%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.4.3434 crores during the 9 Months period ended December 31, 2022 as compared to Rs.3.8675 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.-3.0853 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.0.1073 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.-5.14 for the 9 Months period ended December 31, 2022 as compared to Rs.0.18 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹4.3434 crs	₹3.8675 crs	12.31%
Net Profit	₹-3.0853 crs	₹0.1073 crs	-2,975.40%
EPS	₹-5.14	₹0.18	-2,955.56%

Shares of SHRIRAM ASSET MANAGEMENT CO.LTD. was last trading in BSE at Rs. 174.95 as compared to the previous close of Rs. 177.30. The total number of shares traded during the day was 2050 in over 62 trades.

The stock hit an intraday high of Rs. 177.75 and intraday low of 170.10. The net turnover during the day was Rs. 356374.00.

Source : Equity Bulls

Keywords

ShriramAssetManagementCompany Q3FY23 9MFY23 ResultUpdate