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Mercantile Ventures - Quaterly Results

26 May 2023 Evaluate
A decent increase of about 60.65% in the turnover to Rs. 60.71 millions was observed for the quarter ended March 2023. The turnover stood at Rs. 37.79 millions during the similar quarter previous year.Net Profit for the quarter ended March 2023 dipped to Rs. 0.69  millions from Rs. 15.16 millions  in the corresponding previous quarter.The Operating Profit of the company witnessed a decrease to 7.02 millions from 23.59 millions.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202303 202203 % Var 202303 202203 % Var 202303 202203 % Var
Sales 60.71 37.79 60.65 207.68 146.14 42.11 207.68 146.14 42.11
Other Income 6.16 18.58 -66.85 59.46 74.83 -20.54 59.46 74.83 -20.54
PBIDT 7.02 23.59 -70.24 83.71 99.86 -16.17 83.71 99.86 -16.17
Interest 1.54 0.58 165.52 3.48 2.13 63.38 3.48 2.13 63.38
PBDT 5.48 23.01 -76.18 80.23 97.73 -17.91 80.23 97.73 -17.91
Depreciation 2.46 2.38 3.36 9.60 9.52 0.84 9.60 9.52 0.84
PBT 3.02 20.63 -85.36 70.63 88.21 -19.93 70.63 88.21 -19.93
TAX 2.33 5.47 -57.40 19.34 23.44 -17.49 19.34 23.44 -17.49
Deferred Tax -1.26 -0.90 40.00 -2.38 -2.48 -4.03 -2.38 -2.48 -4.03
PAT 0.69 15.16 -95.45 51.29 64.77 -20.81 51.29 64.77 -20.81
Equity 1119.18 1119.18 0.00 1119.18 1119.18 0.00 1119.18 1119.18 0.00
PBIDTM(%) 11.56 62.42 -81.48 40.31 68.33 -41.01 40.31 68.33 -41.01
Peers
Company Name CMP
Sagility 44.75
Prime Focus 314.45
Knowledge RealtyTrt. 113.71
Indegene 609.55
Syngene Internatl. 378.20
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