Moschip Technologies stock under pressure post Q2FY23 numbers

27 Oct 2022 , 09:19 AM

Moschip Technologies has aanounced the financial results for the quarter ending September 30, 2022.

Consolidated Financial performance
Q2 FY 2023 vs Q1 FY 2023

• Income from operations increased from Rs41.67 crore to Rs49.15 crore and increase by 18%.
• There is a marginal dip in EBIDTA from Rs7.03 crore (16.5%) to Rs6.57(13%) crore and PAT from Rs1.55 crore (3.6%) to Rs1.24 (2.5%) crore as against annual increments during the current quarter.

Q2 FY 2023 vs Q2 FY 2022

• Income from operations increased from Rs38.02 crore to Rs49.15 crore and increase by 29%
• EBIDTA increased from Rs5.83 crore to Rs6.57 crore, an increase by 13%.

H1 FY2023 vs H1 FY2022

• Income from operations increased from Rs71.94 crore to Rs90.82 crore, an increase by 26%.
• EBIDTA increased to Rs13.61 crore as against Rs10.87 crore, an increase by 25%.

The Company EBIDTA and PAT are 14.6% (Rs13.61 crore) and 3% (Rs2.8 crore) respectively, in-spite of annual salary increments given during the current quarter.

On Thursday early morning trade, Moschip Technologies Ltd is currently trading at Rs67 per share down by Rs0.5 or 0.74% from its previous closing of Rs67.50 per share on the BSE.

For feedback and suggestions, write to us at [e-mail]