Mangal Credit and Fincorp Ltd Q1 FY2024 PAT increases to Rs. 2.46 crore

MANGAL CREDIT AND FINCORP LTD. has reported Standalone financial results for the period ended June 30, 2023.

Financial Results (Q1 FY2024) - QoQ Comparison

The company has reported total income of Rs. 7.5573 crores during the period ended June 30, 2023 as compared to Rs. 6.6395 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 2.4682 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 2.1727 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 1.28 for the period ended June 30, 2023 as compared to Rs. 1.12 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 7.5573 crs	₹6.6395 crs	13.82%
Net Profit	₹2.4682 crs	₹2.1727 crs	13.60%
EPS	₹1.28	₹1.12	14.29%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 7.5573 crores during the period ended June 30, 2023 as compared to Rs.3.9321 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.2.4682 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.1.5711 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.1.28 for the period ended June 30, 2023 as compared to Rs.0.81 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 7.5573 crs	₹3.9321 crs	92.20%
Net Profit	₹2.4682 crs	₹1.5711 crs	57.10%
EPS	₹1.28	₹0.81	58.02%

Shares of MANGAL CREDIT AND FINCORP LTD. was last trading in BSE at Rs. 94.15 as compared to the previous close of Rs. 95.65. The total number of shares traded during the day was 13502 in over 95 trades.

The stock hit an intraday high of Rs. 97.45 and intraday low of 92.10. The net turnover during the day was Rs. 1274713.00.

Source : Equity Bulls

Keywords

MangalCreditandFincorp Q1FY24 ResultUpdate