Veranda Learning Solutions Ltd swings to consolidated profit of Rs. 1.14 crore in Q3FY23

Veranda Learning Solutions 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. 83.7191 crores during the period ended December 31, 2022 as compared to Rs. 38.7697 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. 1.1490 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. -21.1256 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. 0.18 for the period ended December 31, 2022 as compared to Rs. -3.79 for the period ended September 30, 2022.

Financials	Q3 FY2023	Q2 FY2023	% Change
Total Income	₹83.7191 crs	₹38.7697 crs	115.94%
Net Profit	₹1.1490 crs	₹-21.1256 crs	105.44%
EPS	₹0.18	₹-3.79	104.75%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.83.7191 crores during the period ended December 31, 2022 as compared to Rs.30.5519 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.1.1490 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.-19.2821 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.0.18 for the period ended December 31, 2022 as compared to Rs.-5.95 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹83.7191 crs	₹30.5519 crs	174.02%
Net Profit	₹1.1490 crs	₹-19.2821 crs	105.96%
EPS	₹0.18	₹-5.95	103.03%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.151.1204 crores during the 9 Months period ended December 31, 2022 as compared to Rs.46.2123 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.-40.0454 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.-37.5528 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.-7.04 for the 9 Months period ended December 31, 2022 as compared to Rs.-10.31 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹151.1204 crs	₹46.2123 crs	227.01%
Net Profit	₹-40.0454 crs	₹-37.5528 crs	6.64%
EPS	₹-7.04	₹-10.31	31.72%

Shares of Veranda Learning Solutions Limited was last trading in BSE at Rs. 226.45 as compared to the previous close of Rs. 221.60. The total number of shares traded during the day was 7292 in over 409 trades.

The stock hit an intraday high of Rs. 228.65 and intraday low of 218.70. The net turnover during the day was Rs. 1641992.00.

Source : Equity Bulls

Keywords

VerandaLearningSolutions Q3FY23 9MFY23 ResultUpdate