This finance company is up by 5 per cent after reporting results today!
Company excels with impressive 55 per cent jump in net profit for Q4FY23, showcasing remarkable performance.
As the financial results season is underway, Capri Global Capital Limited has reported its results for Q4FY23 and the year ended on March 31, 2023.
In comparison to the same quarter last year, the company's net profit for the fourth quarter that ended on March 31, 2023, increased by 55.4 per cent to Rs 64.9 crore from Rs 41.8 crore on a consolidated basis. In Q4FY23, the company's total revenue climbed by 42.3 per cent to Rs 281.3 crore from Rs 197.7 crore in the same quarter the previous year.
In comparison to the previous quarter, the company's net profit for the fourth quarter that ended on March 31, 2023, increased by 73.4 per cent from Rs 37.4 crore on a consolidated basis. In Q4FY23, the company's total revenue climbed by 18.1 per cent from Rs 238.2 crore compared to the similar quarter in the previous year.
The company reported a marginal decrease in net profit for the year ended March 31, 2023, from Rs 205 crore to Rs 204.7 crore on a consolidated basis. When compared to the year ended March 31, 2022, the company's total revenue climbed by 43.71 per cent to Rs 908.1 crore, compared to Rs 631.9 crore for the year ended March 31, 2022.
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In the last trading session, the stock closed at Rs 676.20. Today, it opened at Rs 686.95 and is currently trading at Rs 711.10, up by 5.16 per cent. So far, a total of 26,533 shares have been traded over the counter at BSE. The BSE group 'A' stock has a market cap of around Rs 14,600 crore.
Capri Global is a diversified Non-Banking Financial Company (NBFC) with a presence across different segments such as MSME, Construction Finance, Affordable Housing, and Indirect Retail Lending segments. They started their Construction Finance business in 2011, MSME lending in 2013, and Housing Finance in 2016