Modison Q3 FY24 results: profit at ₹4.08Cr, Revenue increased by 39.1% YoY

Modison, a leading company in the industry, has declared their Q3 FY24 results on 13 Feb, 2024. The topline showed an impressive increase of 39.1% compared to the same period last year. Additionally, the company achieved a profit of ₹4.08Cr, a significant improvement from the loss of ₹2.05cr in the previous fiscal year's same period.

In comparison to the previous quarter, Modison's revenue grew by 10.93%, indicating a positive trend of growth and profitability.

However, it is worth noting that the Selling, general & administrative expenses rose by 3.38% quarter-on-quarter and increased by 6.7% year-on-year. This increase in expenses should be carefully monitored to ensure sustainable growth.

On the other hand, the operating income showed mixed results. It was down by 20.03% quarter-on-quarter but increased by an impressive 328.36% year-on-year. This indicates that there might be some short-term challenges impacting the company's performance, but overall, it has shown significant improvement compared to the previous year.

The earnings per share (EPS) for Q3 FY24 is ₹1.37, which reflects a positive growth of 25.13% year-on-year. This indicates that the company's profitability has improved and is generating more returns for its shareholders.

In terms of market performance, Modison has delivered a negative return of -6.83% in the last 1 week, a strong positive return of 87.76% in the last 6 months, and a negative return of -3.16% year-to-date. Investors should carefully analyze these figures and consider the company's overall performance before making any investment decisions.

Currently, Modison has a market capitalization of ₹438.07 Cr, indicating its strong presence in the market. The 52-week high and low for the company's stock are ₹158.7 and ₹50.1 respectively. These figures provide insights into the stock's performance and can be helpful for investors.

Lastly, Modison has also declared an interim dividend of ₹0.5. The record date for the dividend is 23 Feb, 2024, and the ex-dividend date will be 23 Feb, 2024. This dividend announcement can be seen as a positive gesture towards rewarding the shareholders for their trust and confidence in the company.