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Mercantile Ventures - Quaterly Results

26 May 2023 Evaluate
The turnover soared 60.65% to Rs. 60.71 millions for the March 2023 quarter as compared to Rs. 37.79 millions during the corresponding quarter last year.Net profit was down at Rs. 0.69  millions against Rs. 15.16 millions recorded in the corresponding quarter a year ago.The net profit spiraled down by -95.45%.The company reported a degrowth in operating Profit 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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