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Stock Report
REDTAPE Ltd Q3 FY24 consolidated profit jumps to Rs. 60.82 crores
Posted On : 2024-01-24 17:33:44( TIMEZONE : IST )
REDTAPE Limited has reported Consolidated financial results for the period ended December 31, 2023.
Financial Results (Q3 FY2024) - QoQ Comparison
The company has reported total income of Rs. 621.21 crores during the period ended December 31, 2023 as compared to Rs. 327.11 crores during the period ended September 30, 2023.
The company has posted net profit / (loss) of Rs. 60.82 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs. 27.74 crores for the period ended September 30, 2023.
The company has reported EPS of Rs. 4.40 for the period ended December 31, 2023 as compared to Rs. 2.01 for the period ended September 30, 2023.
| Financials | Q3 FY2024 | Q2 FY2024 | % Change |
| Total Income | ₹ 621.21 crs | ₹327.11 crs |  89.91% |
| Net Profit | ₹60.82 crs | ₹27.74 crs | 119.25% |
| EPS | ₹4.40 | ₹2.01 | 118.91% |
Financial Results (Q3 FY2024) - YoY Comparison
The company has reported total income of Rs. 621.21 crores during the period ended December 31, 2023 as compared to Rs.478.74 crores during the period ended December 31, 2022.
The company has posted net profit / (loss) of Rs.60.82 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs.53.30 crores for the period ended December 31, 2022.
The company has reported EPS of Rs.4.40 for the period ended December 31, 2023 as compared to Rs.3.86 for the period ended December 31, 2022.
| Financials | Q3 FY2024 | Q3 FY2023 | % Change |
| Total Income | ₹ 621.21 crs | ₹478.74 crs | 29.76% |
| Net Profit | ₹60.82 crs | ₹53.30 crs | 14.11% |
| EPS | ₹4.40 | ₹3.86 | 13.99% |
Financial Results (9 Months Ended FY2024) - YoY Comparison
The company has reported total income of Rs.1344.15 crores during the 9 Months period ended December 31, 2023 as compared to Rs.1095.39 crores during the 9 Months period ended December 31, 2022.
The company has posted net profit / (loss) of Rs.135.28 crores for the 9 Months period ended December 31, 2023 as against net profit / (loss) of Rs.107.60 crores for the 9 Months period ended December 31, 2022.
The company has reported EPS of Rs.9.79 for the 9 Months period ended December 31, 2023 as compared to Rs.7.79 for the 9 Months period ended December 31, 2022.
| Financials | 9 Months Ended FY2024 | 9 Months Ended FY2023 | % Change |
| Total Income | ₹1344.15 crs | ₹1095.39 crs | 22.71% |
| Net Profit | ₹135.28 crs | ₹107.60 crs | 25.72% |
| EPS | ₹9.79 | ₹7.79 | 25.67% |
Shares of REDTAPE Limited was last trading in BSE at Rs. 588.05 as compared to the previous close of Rs. 564.15. The total number of shares traded during the day was 31777 in over 1586 trades.
The stock hit an intraday high of Rs. 598.30 and intraday low of 569.90. The net turnover during the day was Rs. 18628794.00.
