CreditAccess Grameen moves higher on reporting 85% rise in Q3 consolidated net profit
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CreditAccess Grameen is currently trading at Rs. 957.20, up by 56.10 points or 6.23% from its previous closing of Rs. 901.10 on the BSE.
The scrip opened at Rs. 941.00 and has touched a high and low of Rs. 987.30 and Rs. 941.00 respectively. So far 26796 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1154.35 on 02-Jun-2022 and a 52 week low of Rs. 645.75 on 07-Mar-2022.
Last one week high and low of the scrip stood at Rs. 987.30 and Rs. 876.45 respectively. The current market cap of the company is Rs. 14957.92 crore.
The promoters holding in the company stood at 73.71%, while Institutions and Non-Institutions held 22.13% and 4.16% respectively.
CreditAccess Grameen has reported rise of 52.79% in its net profit at Rs 197.42 crore for third quarter ended December 31, 2022 as compared to Rs 129.21 crore for the corresponding quarter previous year. Total income of the company increased by 31.69% to Rs 759.44 crore for the quarter under review as compared to Rs 576.68 crore for the same quarter in the previous year.
On the consolidated basis, the company has reported rise of 85.35% in its net profit at Rs 216.75 crore for third quarter ended December 31, 2022 as compared to Rs 116.94 crore for the same quarter in the previous year. Total income of the company increased by 31.90% to Rs 909.72 crore for the quarter under review as compared to Rs 689.69 crore for the same quarter in the previous year.
