The share price of a world leader in automotive interactive marketing solutions, is trading in green, up by around 5% to Rs. 316.95 on BSE on February 19th, after the company announced its financial results for Q3 FY23-24.
With a market cap of Rs. 424 crore, IZMO Ltd. has delivered nearly 98.31 percent returns in the last six months, whereas it has given over 217.7 percent in the last one year. So far, it has given positive returns of around 21.95 percent in 2024.
The fluctuations in the share prices were observed after the company announced its financial results on last tuesday, for the third quarter and nine months ended 31st December 2023, through a recent filing with the stock exchanges.
The net profit of the company increased by nearly 34.37 percent on a QoQ basis from Rs. 5.12 crore in Q2 FY23-24 to Rs. 6.88 crore in Q3 FY23-24.
However, on a year-on-year basis, the net profit jumped by around 5.35 percent to Rs. 6.88 crore in Q3 FY23-24 from Rs. 6.53 crore in Q3 FY22-23.
The company’s revenue from operations increased by nearly 26.34 percent on a year-on-year basis from Rs. 39.74 crore in Q3 FY22-23 to Rs. 50.21 crore in Q3 FY23-24.
On a quarterly basis, the revenue from operations of the company moved up by 12.17 percent from Rs. 44.76 crore in Q2 FY23-24 to Rs. 50.21 crore in Q3 FY23-24.
The Promoters’ holdings reduced by 0.05 percent from 28.56 percent in Q2 FY23-24 to 28.51 percent in Q3 FY23-24, whereas, the Public holdings increased by 0.07 percent from 70.27 percent of equity shares in the company in Q2 FY23-24 to 70.34 percent in Q3 FY23-24.
Founded in 1995, Izmo Limited is a pioneer in the automotive retail space and offers hi-tech automotive e-retailing solutions.
The company provides SaaS solutions for auto dealers targeted to boost productivity and sales and is a world leader in automotive interactive marketing solutions.
Written by Shivani Singh
Dsiclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
