Bharat Wire Ropes Ltd Q1 FY2024 net profit jumps to Rs. 23.71 crores

Bharat Wire Ropes Limited has reported Standalone financial results for the period ended June 30, 2023.

Financial Results (Q1 FY2024) - QoQ Comparison

The company has reported total income of Rs. 158.5508 crores during the period ended June 30, 2023 as compared to Rs. 162.4872 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 23.7173 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 15.9598 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 3.49 for the period ended June 30, 2023 as compared to Rs. 2.48 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 158.5508 crs	₹162.4872 crs	-2.42%
Net Profit	₹23.7173 crs	₹15.9598 crs	48.61%
EPS	₹3.49	₹2.48	40.73%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 158.5508 crores during the period ended June 30, 2023 as compared to Rs.132.8952 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.23.7173 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.12.0389 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.3.49 for the period ended June 30, 2023 as compared to Rs.1.89 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 158.5508 crs	₹132.8952 crs	19.31%
Net Profit	₹23.7173 crs	₹12.0389 crs	97.01%
EPS	₹3.49	₹1.89	84.66%

Shares of Bharat Wire Ropes Limited was last trading in BSE at Rs. 211.20 as compared to the previous close of Rs. 203.20. The total number of shares traded during the day was 80469 in over 1400 trades.

The stock hit an intraday high of Rs. 213.65 and intraday low of 205.00. The net turnover during the day was Rs. 16737662.00.

Source : Equity Bulls

Keywords

BharatWireRopes Q1FY24 ResultUpdate