CARE Ratings Limited Q4 FY24 consolidated profit up at Rs. 24.08 crores

CARE Ratings Limited has reported Consolidated financial results for the period ended March 31, 2024.

Financial Results (Q4 FY2024) - QoQ Comparison

The company has reported total income of Rs. 100.4357 crores during the period ended March 31, 2024 as compared to Rs. 92.3592 crores during the period ended December 31, 2023.

The company has posted net profit / (loss) of Rs. 24.0847 crores for the period ended March 31, 2024 as against net profit / (loss) of Rs. 23.4560 crores for the period ended December 31, 2023.

The company has reported EPS of Rs. 8.03 for the period ended March 31, 2024 as compared to Rs. 7.85 for the period ended December 31, 2023.

Financials	Q4 FY2024	Q3 FY2024	% Change
Total Income	₹ 100.4357 crs	₹92.3592 crs	8.74%
Net Profit	₹24.0847 crs	₹23.4560 crs	2.68%
EPS	₹8.03	₹7.85	2.29%

Financial Results (Q4 FY2024) - YoY Comparison

The company has reported total income of Rs. 100.4357 crores during the period ended March 31, 2024 as compared to Rs.87.8794 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs.24.0847 crores for the period ended March 31, 2024 as against net profit / (loss) of Rs.19.6026 crores for the period ended March 31, 2023.

The company has reported EPS of Rs.8.03 for the period ended March 31, 2024 as compared to Rs.6.60 for the period ended March 31, 2023.

Financials	Q4 FY2024	Q4 FY2023	% Change
Total Income	₹ 100.4357 crs	₹87.8794 crs	14.29%
Net Profit	₹24.0847 crs	₹19.6026 crs	22.86%
EPS	₹8.03	₹6.60	21.67%

Financial Results (Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.378.3750 crores during the Financial Year ended March 31, 2024 as compared to Rs.316.9295 crores during the Financial Year ended March 31, 2023.

The company has posted net profit / (loss) of Rs.100.5249 crores for the Financial Year ended March 31, 2024 as against net profit / (loss) of Rs.83.5294 crores for the Financial Year ended March 31, 2023.

The company has reported EPS of Rs.33.67 for the Financial Year ended March 31, 2024 as compared to Rs.28.17 for the Financial Year ended March 31, 2023.

Financials	Year Ended FY2024	Year Ended FY2023	% Change
Total Income	₹378.3750 crs	₹316.9295 crs	19.39%
Net Profit	₹100.5249 crs	₹83.5294 crs	20.35%
EPS	₹33.67	₹28.17	19.52%

Shares of CARE Ratings Limited was last trading in BSE at Rs. 1135.55 as compared to the previous close of Rs. 1145.85. The total number of shares traded during the day was 2126 in over 392 trades.

The stock hit an intraday high of Rs. 1163.45 and intraday low of 1130.70. The net turnover during the day was Rs. 2438696.00.

Source : Equity Bulls

Keywords

CARERatings Q4FY24 FY2024 ResultUpdate