Fervent Synergies Ltd Q3FY24 net profit rises to Rs. 37.13 lakhs

FERVENT SYNERGIES LTD. has reported Standalone financial results for the period ended December 31, 2023.

Financial Results (Q3 FY2024) - QoQ Comparison

The company has reported total income of Rs. 8.8314 crores during the period ended December 31, 2023 as compared to Rs. 0.3150 crores during the period ended September 30, 2023.

The company has posted net profit / (loss) of Rs. 0.3713 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs. 0.0934 crores for the period ended September 30, 2023.

The company has reported EPS of Rs. 0.12 for the period ended December 31, 2023 as compared to Rs. 0.03 for the period ended September 30, 2023.

Financials	Q3 FY2024	Q2 FY2024	% Change
Total Income	₹ 8.8314 crs	₹0.3150 crs	2,703.62%
Net Profit	₹0.3713 crs	₹0.0934 crs	297.54%
EPS	₹0.12	₹0.03	300.00%

Financial Results (Q3 FY2024) - YoY Comparison

The company has reported total income of Rs. 8.8314 crores during the period ended December 31, 2023 as compared to Rs.3.2742 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.0.3713 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs.0.1360 crores for the period ended December 31, 2022.

The company has reported EPS of Rs.0.12 for the period ended December 31, 2023 as compared to Rs.0.05 for the period ended December 31, 2022.

Financials	Q3 FY2024	Q3 FY2023	% Change
Total Income	₹ 8.8314 crs	₹3.2742 crs	169.73%
Net Profit	₹0.3713 crs	₹0.1360 crs	173.01%
EPS	₹0.12	₹0.05	140.00%

Financial Results (9 Months Ended FY2024) - YoY Comparison

The company has reported total income of Rs.9.4614 crores during the 9 Months period ended December 31, 2023 as compared to Rs.3.7407 crores during the 9 Months period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.0.5648 crores for the 9 Months period ended December 31, 2023 as against net profit / (loss) of Rs.0.2280 crores for the 9 Months period ended December 31, 2022.

The company has reported EPS of Rs.0.19 for the 9 Months period ended December 31, 2023 as compared to Rs.0.08 for the 9 Months period ended December 31, 2022.

Financials	9 Months Ended FY2024	9 Months Ended FY2023	% Change
Total Income	₹9.4614 crs	₹3.7407 crs	152.93%
Net Profit	₹0.5648 crs	₹0.2280 crs	147.72%
EPS	₹0.19	₹0.08	137.50%

Shares of FERVENT SYNERGIES LTD. was last trading in BSE at Rs. 19.90 as compared to the previous close of Rs. 20.35. The total number of shares traded during the day was 1062 in over 56 trades.

The stock hit an intraday high of Rs. 20.76 and intraday low of 19.40. The net turnover during the day was Rs. 21549.00.

Source : Equity Bulls

Keywords

FerventSynergies Q3FY24 9MFY24 ResultUpdate