InvestorQ : How do you see the stock of CARE Ratings after the Jun-20 quarter results?
shrinidhi Rajan made post

How do you see the stock of CARE Ratings after the Jun-20 quarter results?

Answer
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Riya Dwivedi answered.
1 month ago


CARE Ratings reported 25.13% fall in net revenues at Rs.37.38 crore for the Jun-20 quarter. Net profits for the quarter were also down by 29% at Rs.9.35% as the business flows reduced substantially as companies came under stress.

Operating EBITDA was down by 27% at Rs.14.56 crore in the Jun-20 quarter. The EPS has fallen to Rs.3.17 but it is the cheapest among the rating stocks and also has a promising dividend yield making it an attractive bet.