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23-May2018

CARE Ratings soars on reporting 10% rise in Q4 net profit

Care Ratings is currently trading at Rs. 1311.00, up by 32.85 points or 2.57% from its previous closing of Rs. 1278.15 on the BSE.

The scrip opened at Rs. 1305.00 and has touched a high and low of Rs. 1315.00 and Rs. 1302.05 respectively. So far 724 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1800.00 on 10-Jul-2017 and a 52 week low of Rs. 1182.15 on 03-Apr-2018.

Last one week high and low of the scrip stood at Rs. 1,315.00 and Rs. 1,263.00 respectively. The current market cap of the company is Rs. 3848.37 crore.

The Institutions and Non-Institutions held 66.75% and 33.25%, stake in the company, respectively.

Care Ratings has reported a rise of 9.97% in its net profit at Rs 39.92 crore for the quarter ended March 31, 2018 as compared to Rs 36.30 crore for the same quarter in the previous year. Total income of the company increased by 23.18% at Rs 102.31 crore for quarter under review as compared to Rs 83.06 crore for the quarter ended March 31, 2017.

For the year ended March 31, 2018, the company has posted a rise of 5.77% in its net profit at Rs 161.03 crore as compared to Rs 152.25 crore for the previous year. Total income of company increased by 10.27% at Rs 346.88 crore for year under review as compared to Rs 314.56 crore for the year ended March 31, 2017.



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