Spandana Sphoorty Financial gains on reporting 22% rise in Q4 consolidated net profit
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Spandana Sphoorty Financial is currently trading at Rs. 877.50, up by 6.60 points or 0.76% from its previous closing of Rs. 870.90 on the BSE.
The scrip opened at Rs. 881.15 and has touched a high and low of Rs. 889.95 and Rs. 877.30 respectively. So far 977 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1243.10 on 12-Jan-2024 and a 52 week low of Rs. 594.20 on 02-May-2023.
Last one week high and low of the scrip stood at Rs. 935.15 and Rs. 865.00 respectively. The current market cap of the company is Rs. 6209.29 crore.
The promoters holding in the company stood at 59.75%, while Institutions and Non-Institutions held 32.33% and 7.92% respectively.
Spandana Sphoorty Financial has reported 5.15% rise in its net profit at Rs 122.20 crore for the quarter ended March 31, 2024 as compared to Rs 116.21 crore for the same quarter in the previous year. Total income of the company increased by 32.49% at Rs 669.54 crore for Q4FY24 as compared Rs 505.34 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 21.85% rise in its net profit at Rs 128.64 crore for fourth quarter ended March 31, 2024 as compared to Rs 105.57 crore for the same quarter in the previous year. Total income of the company increased by 33.13% at Rs 709.60 crore for Q4FY24 as compared Rs 533.01 crore for the corresponding quarter previous year.
For the year ended March 31, 2024, the company has reported many-fold jump in its net profit at Rs 467.88 crore as compared to Rs 12.34 crore for the previous year. Total income of the company increased by 72.61% at Rs 2,406.91 crore for year under review as compared to Rs 1,394.45 crore for year ended March 31, 2023.
For the year ended March 31, 2024, on the consolidated basis, the company has reported many-fold jump in its net profit at Rs 500.66 crore as compared to Rs 12.31 crore for the previous year. Total income of the company increased by 71.56% at Rs 2,533.95 crore for year under review as compared to Rs 1,477.03 crore for year ended March 31, 2023.
