Suyog Telematics Ltd Q3 FY24 net profit increases to Rs. 19.10 crores

Suyog Telematics 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. 43.1535 crores during the period ended December 31, 2023 as compared to Rs. 43.8480 crores during the period ended September 30, 2023.

The company has posted net profit / (loss) of Rs. 19.1085 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs. 16.2486 crores for the period ended September 30, 2023.

The company has reported EPS of Rs. 17.92 for the period ended December 31, 2023 as compared to Rs. 15.42 for the period ended September 30, 2023.

Financials	Q3 FY2024	Q2 FY2024	% Change
Total Income	₹ 43.1535 crs	₹43.8480 crs	-1.58%
Net Profit	₹19.1085 crs	₹16.2486 crs	17.60%
EPS	₹17.92	₹15.42	16.21%

Financial Results (Q3 FY2024) - YoY Comparison

The company has reported total income of Rs. 43.1535 crores during the period ended December 31, 2023 as compared to Rs.39.7631 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.19.1085 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs.10.1108 crores for the period ended December 31, 2022.

The company has reported EPS of Rs.17.92 for the period ended December 31, 2023 as compared to Rs.9.65 for the period ended December 31, 2022.

Financials	Q3 FY2024	Q3 FY2023	% Change
Total Income	₹ 43.1535 crs	₹39.7631 crs	8.53%
Net Profit	₹19.1085 crs	₹10.1108 crs	88.99%
EPS	₹17.92	₹9.65	85.70%

Financial Results (9 Months Ended FY2024) - YoY Comparison

The company has reported total income of Rs.126.4394 crores during the 9 Months period ended December 31, 2023 as compared to Rs.112.7325 crores during the 9 Months period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.47.5957 crores for the 9 Months period ended December 31, 2023 as against net profit / (loss) of Rs.33.6655 crores for the 9 Months period ended December 31, 2022.

The company has reported EPS of Rs.44.64 for the 9 Months period ended December 31, 2023 as compared to Rs.32.12 for the 9 Months period ended December 31, 2022.

Financials	9 Months Ended FY2024	9 Months Ended FY2023	% Change
Total Income	₹126.4394 crs	₹112.7325 crs	12.16%
Net Profit	₹47.5957 crs	₹33.6655 crs	41.38%
EPS	₹44.64	₹32.12	38.98%

Shares of Suyog Telematics Ltd was last trading in BSE at Rs. 1214.15 as compared to the previous close of Rs. 1175.40. The total number of shares traded during the day was 46109 in over 695 trades.

The stock hit an intraday high of Rs. 1244.00 and intraday low of 1156.00. The net turnover during the day was Rs. 54947977.00.

Source : Equity Bulls

Keywords

SuyogTelematics Q3FY24 9MFY24 ResultUpdate