BLB Q3 Net Profit More Than Doubled In Q3 YoY, Shares Gain

BLB Limited shares on Tuesday gained after the company reported good numbers in the October to December quarter of the current financial year 2023-24.

The stock gained around 2 per cent to touch an intraday high of Rs 23.

BLB Limited, which commands a market cap of Rs 119.6 crore, has reported a net profit of Rs 1.48 crore in the third quarter, up from Rs 0.48 crore reported in the third quarter of last financial year. In the second quarter of FY 2023-24, the firm posted a net profit of Rs 1.23 crore.

The company clocked a revenue of Rs 22.37 crore in the Q3 of the current fiscal. The revenue in the Q3 of the previous financial year stood at Rs 81.08 crore. In Q2 of the current financial year, the firm had clocked a total revenue of Rs 2.3 crore.

Total expenses in the quarter under review came in at Rs 42.38 crore as against Rs 79.97 crore logged in the corresponding quarter of FY23.

BLB Limited shares have declined 32 per cent in the last one year but more than tripled investors in three years, rallying a massive 301 per cent.

BLB Limited is an Indian corporation that provides services for securities brokerage. The company's primary activities include trading and investing in securities and shares. A corporate member of the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) is the company.