AXISCADES Technologies Ltd consolidated Q3FY23 loss at Rs. 10.34 crores

AXISCADES Technologies 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. 217.5034 crores during the period ended December 31, 2022 as compared to Rs. 199.9434 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. -10.3489 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. 20.9795 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. -2.72 for the period ended December 31, 2022 as compared to Rs. 5.26 for the period ended September 30, 2022.

Financials	Q3 FY2023	Q2 FY2023	% Change
Total Income	₹217.5034 crs	₹199.9434 crs	8.78%
Net Profit	₹-10.3489 crs	₹20.9795 crs	-149.33%
EPS	₹-2.72	₹5.26	-151.71%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.217.5034 crores during the period ended December 31, 2022 as compared to Rs.170.2003 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.-10.3489 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.7.8133 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.-2.72 for the period ended December 31, 2022 as compared to Rs.2.02 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹217.5034 crs	₹170.2003 crs	27.79%
Net Profit	₹-10.3489 crs	₹7.8133 crs	-232.45%
EPS	₹-2.72	₹2.02	-234.65%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.600.5105 crores during the 9 Months period ended December 31, 2022 as compared to Rs.423.8439 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.-21.1699 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.11.6974 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.-5.57 for the 9 Months period ended December 31, 2022 as compared to Rs.3.05 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹600.5105 crs	₹423.8439 crs	41.68%
Net Profit	₹-21.1699 crs	₹11.6974 crs	-280.98%
EPS	₹-5.57	₹3.05	-282.62%

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 AXISCADES Technologies Limited was last trading in BSE at Rs. 352.90 as compared to the previous close of Rs. 336.10. The total number of shares traded during the day was 21401 in over 1021 trades.

The stock hit an intraday high of Rs. 352.90 and intraday low of 319.30. The net turnover during the day was Rs. 7468666.00.

Source : Equity Bulls

Keywords

AXISCADESTechnologies Q3FY23 9MFY23 ResultUpdate