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Metro Brands gains on reporting 11% rise in Q3 consolidated net profit
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Metro Brands is currently trading at Rs. 850.20, up by 5.80 points or 0.69% from its previous closing of Rs. 844.40 on the BSE.
The scrip opened at Rs. 860.00 and has touched a high and low of Rs. 860.90 and Rs. 847.90 respectively. So far 953 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 980.00 on 06-Oct-2022 and a 52 week low of Rs. 446.00 on 24-Feb-2022.
Last one week high and low of the scrip stood at Rs. 869.25 and Rs. 829.90 respectively. The current market cap of the company is Rs. 22944.81 crore.
The promoters holding in the company stood at 74.25%, while Institutions and Non-Institutions held 8.01% and 17.74% respectively.
Metro Brands has reported rise of 14.46% in its net profit at Rs 114.63 crore for Q3FY23 as compared to Rs 100.15 crore for the corresponding quarter previous year. Total income of the company increased by 21.35% to Rs 592.17 crore for the quarter as compared to Rs 487.98 crore for the same quarter in the previous year.
On the consolidated basis, the company has reported rise of 11.20% in its net profit at Rs 112.99 crore for Q3FY23 as compared to Rs 101.61 crore for the same quarter in the previous year. Total income of the company increased by 23.71% to Rs 613.34 crore for the quarter under review as compared to Rs 495.78 crore for the same quarter in the previous year.
