Avantel Ltd consolidated Q4FY23 net profit climbs to Rs. 9.69 crores

AVANTEL LTD. has reported Consolidated financial results for the period ended March 31, 2023.

Financial Results (Q4 FY2023) - QoQ Comparison

The company has reported total income of Rs. 52.62 crores during the period ended March 31, 2023 as compared to Rs. 38.99 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs. 9.6908 crores for the period ended March 31, 2023 as against net profit / (loss) of Rs. 6.6872 crores for the period ended December 31, 2022.

The company has reported EPS of Rs. 5.98 for the period ended March 31, 2023 as compared to Rs. 4.12 for the period ended December 31, 2022.

Financials	Q4 FY2023	Q3 FY2023	% Change
Total Income	₹52.62 crs	₹38.99 crs	34.96%
Net Profit	₹9.6908 crs	₹6.6872 crs	44.92%
EPS	₹5.98	₹4.12	45.15%

Financial Results (Q4 FY2023) - YoY Comparison

The company has reported total income of Rs.52.62 crores during the period ended March 31, 2023 as compared to Rs.47.2345 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs.9.6908 crores for the period ended March 31, 2023 as against net profit / (loss) of Rs.6.0757 crores for the period ended March 31, 2022.

The company has reported EPS of Rs.5.98 for the period ended March 31, 2023 as compared to Rs.3.75 for the period ended March 31, 2022.

Financials	Q4 FY2023	Q4 FY2022	% Change
Total Income	₹52.62 crs	₹47.2345 crs	11.40%
Net Profit	₹9.6908 crs	₹6.0757 crs	59.50%
EPS	₹5.98	₹3.75	59.47%

Financial Results (Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.154.9297 crores during the Financial Year ended March 31, 2023 as compared to Rs.106.3239 crores during the Financial Year ended March 31, 2022.

The company has posted net profit / (loss) of Rs.26.8379 crores for the Financial Year ended March 31, 2023 as against net profit / (loss) of Rs.17.9774 crores for the Financial Year ended March 31, 2022.

The company has reported EPS of Rs.16.55 for the Financial Year ended March 31, 2023 as compared to Rs.11.08 for the Financial Year ended March 31, 2022.

Financials	Year Ended FY2023	Year Ended FY2022	% Change
Total Income	₹154.9297 crs	₹106.3239 crs	45.71%
Net Profit	₹26.8379 crs	₹17.9774 crs	49.29%
EPS	₹16.55	₹11.08	49.37%

Shares of AVANTEL LTD. was last trading in BSE at Rs. 464.60 as compared to the previous close of Rs. 454.15. The total number of shares traded during the day was 53115 in over 869 trades.

The stock hit an intraday high of Rs. 468.00 and intraday low of 446.00. The net turnover during the day was Rs. 24419244.00.

Source : Equity Bulls

Keywords

Avantel Q4FY23 FY2023 ResultUpdate