Stock Report

Morarka Finance Ltd Q2 FY2023-24 net profit at Rs. 60.53 lakhs



Posted On : 2023-10-20 12:09:34( TIMEZONE : IST )

Morarka Finance Ltd Q2 FY2023-24 net profit at Rs. 60.53 lakhs

MORARKA FINANCE LTD. has reported Standalone financial results for the period ended September 30, 2023.

Financial Results (Q2 FY2024) - QoQ Comparison

The company has reported total income of Rs. 0.8987 crores during the period ended September 30, 2023 as compared to Rs. 5.1295 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. 0.6053 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. 4.8089 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. 1.34 for the period ended September 30, 2023 as compared to Rs. 10.68 for the period ended June 30, 2023.

Financials Q2 FY2024 Q1 FY2024 % Change
Total Income ₹ 0.8987 crs ₹5.1295 crs Up Tick / Down Tick-82.48%
Net Profit ₹0.6053 crs ₹4.8089 crs Up Tick / Down Tick-87.41%
EPS ₹1.34 ₹10.68 Up Tick / Down Tick-87.45%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs. 0.8987 crores during the period ended September 30, 2023 as compared to Rs.0.2108 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.0.6053 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.0.0037 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.1.34 for the period ended September 30, 2023 as compared to Rs.0.01 for the period ended September 30, 2022.

Financials Q2 FY2024 Q2 FY2023 % Change
Total Income ₹ 0.8987 crs ₹0.2108 crs Up Tick / Down Tick326.33%
Net Profit ₹0.6053 crs ₹0.0037 crs Up Tick / Down Tick16,259.46%
EPS ₹1.34 ₹0.01 Up Tick / Down Tick13,300.00%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.6.0282 crores during the 6 Months period ended September 30, 2023 as compared to Rs.5.4022 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.5.4142 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.4.8984 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.12.03 for the 6 Months period ended September 30, 2023 as compared to Rs.10.88 for the 6 Months period ended September 30, 2022.

Financials Half Year Ended FY2024 Half Year Ended FY2023 % Change
Total Income ₹6.0282 crs ₹5.4022 crs Up Tick / Down Tick11.59%
Net Profit ₹5.4142 crs ₹4.8984 crs Up Tick / Down Tick10.53%
EPS ₹12.03 ₹10.88 Up Tick / Down Tick10.57%

Shares of MORARKA FINANCE LTD. was last trading in BSE at Rs. 134.90 as compared to the previous close of Rs. 134.00. The total number of shares traded during the day was 873 in over 24 trades.

The stock hit an intraday high of Rs. 135.75 and intraday low of 133.30. The net turnover during the day was Rs. 117811.00.

Source : Equity Bulls

Keywords

MorarkaFinance Q2FY24 H1FY24 ResultUpdate