A small-cap company with a market valuation of 1,802.66 Crore, Care Ratings Limited operates in the Financial Services industry. In less than three decades since commencing operations in April 1993, CareEdge Ratings (CARE Ratings Ltd.) has carved a name for itself as one of India’s top credit rating companies.
The company said in a stock exchange filing that its board of directors has “declared and approved the payment of an interim dividend of Rs 10 (Rupees Ten only) per Equity Share of face value of Rs 10 each for the financial year 2022-23.” /- (Rupees Ten only). In accordance with Regulation 42 of the Listing Regulations, for the purpose of determining the eligibility of the Members entitled to payment of Interim Dividend for the financial year 2022-23, the Company has fixed Friday, the 10th February, 2023 as the Record Date. Is it.”
On a consolidated basis, the credit rating agency reported a net profit of Rs. As compared to 16.31 Cr in Q3FY23 14.89 Cr was recorded in Q3FY22, representing a YoY growth of 9.53%. The company recorded revenue from operations of 62.14 crore in the quarter ending December 2022 as against 56.16 crore in the quarter ending December 2021, representing a YoY growth of 10.64%. The EPS of the company on a consolidated basis reached As against 5.38 in Q3FY23 4.93 in Q3FY22. On a consolidated basis, the company reported a net income of 73.73 Cr in Q3FY23 as compared to Rs. 62.95 Cr in Q3FY22, representing a YoY gain of 17.12%.
On a standalone basis, the company reported net sales of 54.55 cr in Q3FY23 as against 48.65 Cr in Q3FY22, representing a YoY growth of 12.12%. Company declared net profit 21.39 crore in the quarter ending December 2022 14.89 crore in the quarter ending December 2021, representing an annual growth of 43.65%.
Care Ratings share on NSE today 608.00 each level, down 2.37% from the previous close 622.75. The stock recorded a net volume of 1,50,456 shares as compared to 20-day average volume of 1,48,714 shares. The stock touched a 52-week high at 677.00 (12-Jan-2023) and 52-week low 403.00 on (19-May-2022). The stock has gained 5.82% in last 1 year but on YTD basis, it has fallen 2.59%. The stock has gained 32.91% in last 6 months but declined 2.59% in last 1 month.
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