Krsnaa Diagnostics stocks hit new 52-week low after Q2FY22 results, shares down 7% at closing
Krsnaa Diagnostics stocks hit a new 52-week low of Rs 726 on Tuesday after the company Q2FY22 results reported a decline in Profit After Tax (PAT)
Krsnaa Diagnostics stocks hit a new 52-week low of Rs 726 on Tuesday after the company Q2FY22 results reported a decline in Profit After Tax (PAT). The stock closed the day at Rs 748.40, down Rs 53.30 or 6.65% on the BSE on Tuesday.
The shares of recently listed diagnostics service provider nosedived despite record spurt in volume by more than 4.48 times on the BSE.
See Zee Business Live TV Streaming Below:
Earlier on Monday, the Pune-based diagnostic services provider Krsnaa Diagnostics reported a 44.69% YoY decline in profits at Rs 12.5 crore for the quarter ended September 30, 2021, showed a filing on BSE.
It had posted a profit of Rs 22.6 crore in the corresponding quarter of the previous financial year. Sequentially, the profit declined 41.86% from Rs 21.5 crore posted in the previous quarter ended June 30, 2021 (Q1FY22). Revenue from operations dropped 28% YoY to Rs 108 crore as against Rs 150 crore posted last year. The revenue dropped 18.18% from Rs 132 crore posted in the previous quarter. The EBITDA dropped 25.29% YoY to Rs 31.9 crore in the reported quarter from Rs 42.7 crore posted last year.
The EBITDA declined 23.37% sequentially from Rs 41.5 crore posted in Q1FY22. Margin stood at 29.5% in Q2FY22 as against 28.5% posted in Q2FY21. The margin stood at 31.4% in Q1FY22.
Krsnaa Diagnostics claims to be one of the largest diagnostic services providers, which deals in specialised diagnostic imaging (including radiology), pathology/clinical laboratory and tele-radiology services. Through its network of diagnostic centres, it offers a range of test that includes 1,394 radiology tests and 2,544 pathological tests, covering a range of specialties and disciplines, the company said.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Top 5 Small-Cap Funds With Best SIP Returns in 3 Years: What Rs 5,000 and Rs 10,000 SIPs in each fund have given
In this guaranteed return scheme, you get Rs 2,24,974 as interest on Rs 5,00,000 investment; know details
Gold and Silver rates today (May 27, 2024): MCX gold jumps after sharp losses last week, silver nears Rs 92,100/kg levels
70:15:15 Investment Strategy: Can you build over Rs 1 crore corpus with just Rs 20,000 salary? Know calculations
40,000 pension per month: How to get Rs 40,000 as pension every month by investing in NPS? Know the calculation
04:58 PM IST