RPSG Ventures Q4 Ventures: Net loss widens from last year despite 15% revenue growth; Stock falls

About this update from Rpsg Ventures Limited

Shares of RPSG Ventures Ltd. declined after reporting their fourth quarter earnings on Thursday, May 21.The company reported a mixed set of earnings for the fourth quarter across parameters.Its net loss widened to ₹58 crore from ₹13 crore in the fourth quarter previous year. On the flip side, revenue increased by 15% to ₹2,927 crore from ₹2,541 crore in the fourth quarter last year.Earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 10% to ₹368 crore from ₹334 crore in fourth quarter last year, while margins contracted to 12.6% from 13.1% in the year-ago period.Shares of RPSG Ventures are trading 1.8% lower after the results announcement at ₹933.95. The stock is up 25% so far this year. The stock is currently under stage two of the Advanced Surveillance Measures (ASM) framework. Trading for stocks under this includes a 100% upfront margin and a shifted settlement structure.

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