FSN E-Commerce Ventures trades higher despite reporting 70% fall in Q4 consolidated net profit
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FSN E-Commerce Ventures is currently trading at Rs. 127.00, up by 1.95 points or 1.56% from its previous closing of Rs. 125.05 on the BSE.
The scrip opened at Rs. 124.40 and has touched a high and low of Rs. 128.15 and Rs. 122.05 respectively. So far 1844140 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 257.66 on 01-Jun-2022 and a 52 week low of Rs. 114.30 on 26-Apr-2023.
Last one week high and low of the scrip stood at Rs. 129.15 and Rs. 122.05 respectively. The current market cap of the company is Rs. 36211.81 crore.
The promoters holding in the company stood at 52.28%, while Institutions and Non-Institutions held 20.11% and 27.61% respectively.
FSN E-Commerce Ventures has reported 53.56% fall in net profit at Rs 22.60 crore for fourth quarter (Q4) ended March 31, 2023 as compared to Rs 48.66 crore for the same quarter in the previous year. However, total income of the company increased by 3.92% at Rs 105.90 crore for Q4FY23 as compared to Rs 101.91 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 70.18% fall in its net profit at Rs 2.26 crore for fourth quarter ended March 31, 2023 as compared to Rs 7.58 crore for the same quarter in the previous year. However, total income of the company increased by 33.22% at Rs 1311.46 crore for Q4FY23 as compared to Rs 984.46 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 40.77% fall in its net profit at Rs 61.31 crore as compared to Rs 103.51 crore for the previous year. However, total income of the company increased by 14.20% at Rs 346.49 crore for year under review as compared to Rs 303.41 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 49.24% fall in its net profit at Rs 20.96 crore as compared to Rs 41.29 crore for the previous year. However, total income of the company increased by 36.13% at Rs 5174.01 crore for year under review as compared to Rs 3800.91 crore for year ended March 31, 2022.
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