Care Ratings surges on reporting 22% rise in Q1 consolidated net profit
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Care Ratings is currently trading at Rs. 464.75, up by 12.25 points or 2.71% from its previous closing of Rs. 452.50 on the BSE.
The scrip opened at Rs. 469.95 and has touched a high and low of Rs. 469.95 and Rs. 452.75 respectively. So far 4475 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 783.25 on 03-Aug-2021 and a 52 week low of Rs. 402.75 on 11-May-2022.
Last one week high and low of the scrip stood at Rs. 469.95 and Rs. 439.20 respectively. The current market cap of the company is Rs. 1352.14 crore.
The Institutions and Non-Institutions holding in the company stood at 39.00% and 61.00% respectively.
Care Ratings has reported a rise of 66.02% in its net profit at Rs 18.08 crore for the quarter ended June 30, 2022 as compared to Rs 10.89 crore for the same quarter in the previous year. Total income of the company increased by 13.46% at Rs 56.07 crore for Q1FY23 as compared Rs 49.42 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a rise of 22.42% in its net profit at Rs 14.14 crore for the quarter ended June 30, 2022 as compared to Rs 11.55 crore for the same quarter in the previous year. Total income of the company increased by 9.85% at Rs 62.09 crore for Q1FY23 as compared Rs 56.52 crore for the corresponding quarter previous year.
