MPS trades jubilantly on reporting 46% rise Q4 consolidated net profit
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MPS is currently trading at Rs. 980.00, up by 77.65 points or 8.61% from its previous closing of Rs. 902.35 on the BSE.
The scrip opened at Rs. 914.35 and has touched a high and low of Rs. 986.05 and Rs. 910.00 respectively. So far 21332 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1248.65 on 21-Mar-2023 and a 52 week low of Rs. 515.00 on 16-May-2022.
Last one week high and low of the scrip stood at Rs. 986.05 and Rs. 837.00 respectively. The current market cap of the company is Rs. 1672.95 crore.
The promoters holding in the company stood at 68.34%, while Institutions and Non-Institutions held 4.55% and 27.11% respectively.
MPS has reported over 33.85% rise in its net profit at Rs 24.83 crore for fourth quarter ended March 31, 2023 as compared to Rs 18.55 crore for the same quarter in the previous year. Total income of the company increased by 15.77% at Rs 79.15 crore for Q4FY23 as compared to Rs 68.37 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 45.65% rise in its net profit at Rs 32.13 crore for fourth quarter ended March 31, 2023 as compared to Rs 22.06 crore for the same quarter in the previous year. Total income of the company increased by 14.40% at Rs 129.90 crore for Q4FY23 as compared to Rs 113.55 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 20.74% rise in its net profit at Rs 86.28 crore as compared to Rs 71.46 crore for the previous year. Total income of the company increased by 4.04% at Rs 307.13 crore for year under review as compared to Rs 295.21 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 25.33% rise in its net profit at Rs 109.19 crore as compared to Rs 87.12 crore for the previous year. Total income of the company increased by 10.55% at Rs 511.82 crore for year under review as compared to Rs 462.97 crore for year ended March 31, 2022.
