Century Textiles and Industries falls despite reporting 69% rise in Q4 consolidated net profit
Century Textiles & Industries is currently trading at Rs. 654.25, down by 22.30 points or 3.30% from its previous closing of Rs. 676.55 on the BSE.
The scrip opened at Rs. 674.10 and has touched a high and low of Rs. 674.10 and Rs. 653.35 respectively. So far 7338 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 943.75 on 14-Sep-2022 and a 52 week low of Rs. 588.80 on 27-Feb-2023.
Last one week high and low of the scrip stood at Rs. 690.70 and Rs. 653.35 respectively. The current market cap of the company is Rs. 7405.98 crore.
The promoters holding in the company stood at 50.21%, while Institutions and Non-Institutions held 23.98% and 25.81% respectively.
Century Textiles and Industries has reported results for fourth quarter (Q4) and year ended March 31, 2023.
The company has reported over 2-fold jump in its net profit at Rs 176.80 crore for the quarter under review as compared to Rs 66.70 crore for the same quarter in the previous year. Total income of the company increased marginally by 0.45% at Rs 1,228.60 crore for Q4FY23 as compared to Rs 1,223.11 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported rise of 68.67% in its net profit at Rs 142.41 crore for fourth quarter ended March 31, 2023 as compared to Rs 84.43 crore for the same quarter in the previous year. However, total income of the company decreased marginally by 0.02% at Rs 1,218.08 crore for Q4FY23 as compared to Rs 1,218.29 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported rise of 77.64% in its net profit at Rs 368.31 crore as compared to Rs 207.33 crore for the previous year. Total income of the company increased by 15.72% at Rs 4,856.75 crore for year under review as compared to Rs 4,196.98 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 63.61% rise in its net profit at Rs 264.55 crore as compared to Rs 161.70 crore for the previous year. Total income of the company increased by 15.65% at Rs 4,827.17 crore for year under review as compared to Rs 4,174.01 crore for year ended March 31, 2022.
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