NBFC stock engaged in the business of financing, trading, making investments and many more jumped 2 percent in the day’s trade upon the release of Q3FY24 results with a jump in revenue from operations by 183 percent.
With a market capitalization of Rs. 432 Crores, at 12:18 p.m the shares of Kiran Vyapar Limited were trading at Rs. 158.10, with a flat movement.
Its revenue from operations grew by 41.04 percent YoY from Rs. 21.49 Crores in Q3FY23 to Rs. 30.31 Crores in Q3FY24 and it grew 183.79 percent QoQ from Rs. 10.72 Crores in Q2FY24 to Rs. 30.43 Crores in Q3FY24.
Its Net Profit declined by 37.17 percent YoY from Rs. 21.25 Crores in Q3FY23 to Rs. 13.35 Crores in Q3FY24 and it grew 59.88 percent QoQ from Rs. 8.35 Crores in Q2FY24 to Rs. 13.35 Crores in Q3FY24.
Kiran Vyapar Limited is a Non-Banking Financial Company engaged in the business of financing, trading, investments, and dealing in shares, securities and mutual funds
In FY23, it reported a return on equity (ROE) of 2.68 percent and a return on capital employed (ROCE) of 3.32 percent, it is not making a good return on its equity and capital employed as it is not able to sustain consistent profitability.
Written by: Bharath K.S
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