Poonawalla Fincorp Ltd posts consolidated net profit of Rs. 225.74 crores in Q1 FY2024

Magma Fincorp Limited has reported Consolidated financial results for the period ended June 30, 2023.

Financial Results (Q1 FY2024) - QoQ Comparison

The company has reported total income of Rs. 707.30 crores during the period ended June 30, 2023 as compared to Rs. 580.71 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 225.74 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 198.37 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 2.91 for the period ended June 30, 2023 as compared to Rs. 2.57 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹707.30 crs	₹580.71 crs	21.80%
Net Profit	₹225.74 crs	₹198.37 crs	13.80%
EPS	₹2.91	₹2.57	13.23%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs.707.30 crores during the period ended June 30, 2023 as compared to Rs.430.26 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.225.74 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.140.68 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.2.91 for the period ended June 30, 2023 as compared to Rs.1.82 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹707.30 crs	₹430.26 crs	64.39%
Net Profit	₹225.74 crs	₹140.68 crs	60.46%
EPS	₹2.91	₹1.82	59.89%

Shares of Magma Fincorp Limited was last trading in BSE at Rs. 368.20 as compared to the previous close of Rs. 375.00. The total number of shares traded during the day was 175195 in over 4339 trades.

The stock hit an intraday high of Rs. 385.00 and intraday low of 365.50. The net turnover during the day was Rs. 66042401.00.

Source : Equity Bulls

Keywords

PoonawallaFincorp Q1FY24 ResultUpdate