Canopy Finance Ltd Q3FY23 profit at Rs. 15.07 lakhs

Canopy Finance 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. 0.3830 crores during the period ended December 31, 2022 as compared to Rs. 0.2968 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. 0.1507 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. 0.0773 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. 0.14 for the period ended December 31, 2022 as compared to Rs. 0.07 for the period ended September 30, 2022.

Financials	Q3 FY2023	Q2 FY2023	% Change
Total Income	₹0.3830 crs	₹0.2968 crs	29.04%
Net Profit	₹0.1507 crs	₹0.0773 crs	94.95%
EPS	₹0.14	₹0.07	100.00%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.0.3830 crores during the period ended December 31, 2022 as compared to Rs.1.6878 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.0.1507 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.-0.6256 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.0.14 for the period ended December 31, 2022 as compared to Rs.-0.67 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹0.3830 crs	₹1.6878 crs	-77.31%
Net Profit	₹0.1507 crs	₹-0.6256 crs	124.09%
EPS	₹0.14	₹-0.67	120.90%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.0.7974 crores during the 9 Months period ended December 31, 2022 as compared to Rs.3.3558 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.0.2946 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.0.4644 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.0.28 for the 9 Months period ended December 31, 2022 as compared to Rs.0.50 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹0.7974 crs	₹3.3558 crs	-76.24%
Net Profit	₹0.2946 crs	₹0.4644 crs	-36.56%
EPS	₹0.28	₹0.50	-44.00%

Shares of Canopy Finance Ltd was last trading in BSE at Rs. 55.65 as compared to the previous close of Rs. 58.55. The total number of shares traded during the day was 12414 in over 41 trades.

The stock hit an intraday high of Rs. 61.40 and intraday low of 55.65. The net turnover during the day was Rs. 690899.00.

Source : Equity Bulls

Keywords

CanopyFinance Q3FY23 9MFY23 ResultUpdate