Canopy Finance Ltd posts net profit of Rs. 7.72 lakhs in Q4 FY2023

Canopy Finance Ltd has reported Standalone financial results for the period ended March 31, 2023.

Financial Results (Q4 FY2023) - QoQ Comparison

The company has reported total income of Rs. 0.2028 crores during the period ended March 31, 2023 as compared to Rs. 0.3830 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs. 0.0772 crores for the period ended March 31, 2023 as against net profit / (loss) of Rs. 0.1507 crores for the period ended December 31, 2022.

The company has reported EPS of Rs. 0.07 for the period ended March 31, 2023 as compared to Rs. 0.14 for the period ended December 31, 2022.

Financials	Q4 FY2023	Q3 FY2023	% Change
Total Income	₹0.2028 crs	₹0.3830 crs	-47.05%
Net Profit	₹0.0772 crs	₹0.1507 crs	-48.77%
EPS	₹0.07	₹0.14	-50.00%

Financial Results (Q4 FY2023) - YoY Comparison

The company has reported total income of Rs.0.2028 crores during the period ended March 31, 2023 as compared to Rs.0.1336 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs.0.0772 crores for the period ended March 31, 2023 as against net profit / (loss) of Rs.-0.0569 crores for the period ended March 31, 2022.

The company has reported EPS of Rs.0.07 for the period ended March 31, 2023 as compared to Rs.-0.06 for the period ended March 31, 2022.

Financials	Q4 FY2023	Q4 FY2022	% Change
Total Income	₹0.2028 crs	₹0.1336 crs	51.80%
Net Profit	₹0.0772 crs	₹-0.0569 crs	235.68%
EPS	₹0.07	₹-0.06	216.67%

Financial Results (Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.1.0003 crores during the Financial Year ended March 31, 2023 as compared to Rs.3.4894 crores during the Financial Year ended March 31, 2022.

The company has posted net profit / (loss) of Rs.0.3719 crores for the Financial Year ended March 31, 2023 as against net profit / (loss) of Rs.0.4076 crores for the Financial Year ended March 31, 2022.

The company has reported EPS of Rs.0.35 for the Financial Year ended March 31, 2023 as compared to Rs.0.44 for the Financial Year ended March 31, 2022.

Financials	Year Ended FY2023	Year Ended FY2022	% Change
Total Income	₹1.0003 crs	₹3.4894 crs	-71.33%
Net Profit	₹0.3719 crs	₹0.4076 crs	-8.76%
EPS	₹0.35	₹0.44	-20.45%

Shares of Canopy Finance Ltd was last trading in BSE at Rs. 78.61 as compared to the previous close of Rs. 74.87. The total number of shares traded during the day was 37771 in over 134 trades.

The stock hit an intraday high of Rs. 78.61 and intraday low of 72.51. The net turnover during the day was Rs. 2947023.00.

Source : Equity Bulls

Keywords

CanopyFinance Q4FY23 FY2023 ResultUpdate