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RattanIndia Enterprises falls on reporting consolidated net loss of Rs 138 crore in Q4FY23
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RattanIndia Enterprises is currently trading at Rs. 37.68, down by 1.30 points or 3.34% from its previous closing of Rs. 38.98 on the BSE.
The scrip opened at Rs. 37.24 and has touched a high and low of Rs. 38.11 and Rs. 37.24 respectively. So far 173010 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 59.70 on 03-Jun-2022 and a 52 week low of Rs. 32.05 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 39.70 and Rs. 37.24 respectively. The current market cap of the company is Rs. 5229.13 crore.
The promoters holding in the company stood at 74.86%, while Institutions and Non-Institutions held 9.54% and 15.60% respectively.
RattanIndia Enterprises has reported results for fourth quarter (Q4) and year ended March 31, 2023.
The company has reported net loss of Rs 113.23 crore for the quarter under review as against net profit of Rs 43.84 crore for the same quarter in the previous year. Total income of the company decreased by 95.58% at Rs 2.12 crore for Q4FY23 as compared to Rs 47.91 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported net loss of Rs 138.04 crore for fourth quarter ended March 31, 2023 as against net profit of Rs 564.68 crore for the same quarter in the previous year. However, total income of the company increased by 87.78% at Rs 1,108.88 crore for Q4FY23 as compared to Rs 590.51 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported net loss of Rs 280.03 crore as against net profit of Rs 42.92 crore for the previous year. Total income of the company decreased by 87.59% at Rs 6.23 crore for year under review as compared to Rs 50.19 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported net loss of Rs 286.10 crore as against net profit of Rs 553.86 crore for the previous year. However, total income of the company increased by 597.86% at Rs 4,138.21 crore for year under review as compared to Rs 592.99 crore for year ended March 31, 2022.
