One97 Communications zooms after its consolidated net loss narrows to Rs 167.50 crore in Q4

One97 Communications is currently trading at Rs. 721.40, up by 31.95 points or 4.63% from its previous closing of Rs. 689.45 on the BSE.

One97 Communications
One97 Communications

The scrip opened at Rs. 698.00 and has touched a high and low of Rs. 726.90 and Rs. 697.55 respectively. So far 359007 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 844.40 on 08-Aug-2022 and a 52 week low of Rs. 439.60 on 24-Nov-2022.

Last one week high and low of the scrip stood at Rs. 726.90 and Rs. 655.00 respectively. The current market cap of the company is Rs. 45786.58 crore.

The Institutions and Non-Institutions held 75.01% and 24.98%, stake in the company respectively.

One97 Communications reported results for fourth quarter (Q4) and year ended March 31, 2023.

The company has reported net loss at Rs 203.30 crore for the quarter under review as compared to net loss of Rs 689.10 crore for the same quarter in the previous year. However, total income of the company increased by 63.90% at Rs 1936.00 crore for Q4FY23 as compared to Rs 1181.20 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported net loss at Rs 167.50 crore for fourth quarter ended March 31, 2023 as compared to net loss of Rs 762.50 crore for the same quarter in the previous year. However, total income of the company increased by 49.51% at Rs 2464.60 crore for Q4FY23 as compared to Rs 1648.40 crore for the corresponding quarter previous year.

For the year ended March 31, 2023, the company has reported net loss at Rs 1855.80 crore as compared to net loss of Rs 2325.10 crore for the previous year. However, total income of the company increased by 53.93% at Rs 6427.10 crore for year under review as compared to Rs 4175.40 crore for year ended March 31, 2022.

For the year ended March 31, 2023, on the consolidated basis, the company has reported net loss at Rs 1776.50 crore as compared to net loss of Rs 2396.40 crore for the previous year. However, total income of the company increased by 59.57% at Rs 8400.00 crore for year under review as compared to Rs 5264.30 crore for year ended March 31, 2022.

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