Sumitomo Chemical India Ltd Q1 FY2024 consolidated net profit drops to Rs. 61.67 crores

Sumitomo Chemical India Limited has reported Consolidated financial results for the period ended June 30, 2023.

Financial Results (Q1 FY2024) - QoQ Comparison

The company has reported total income of Rs. 741.774 crores during the period ended June 30, 2023 as compared to Rs. 668.055 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 61.678 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 72.129 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 1.24 for the period ended June 30, 2023 as compared to Rs. 1.45 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 741.774 crs	₹668.055 crs	11.03%
Net Profit	₹61.678 crs	₹72.129 crs	-14.49%
EPS	₹1.24	₹1.45	-14.48%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 741.774 crores during the period ended June 30, 2023 as compared to Rs.990.466 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.61.678 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.138.132 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.1.24 for the period ended June 30, 2023 as compared to Rs.2.77 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 741.774 crs	₹990.466 crs	-25.11%
Net Profit	₹61.678 crs	₹138.132 crs	-55.35%
EPS	₹1.24	₹2.77	-55.23%

Shares of Sumitomo Chemical India Limited was last trading in BSE at Rs. 412.65 as compared to the previous close of Rs. 407.05. The total number of shares traded during the day was 16489 in over 673 trades.

The stock hit an intraday high of Rs. 414.60 and intraday low of 406.15. The net turnover during the day was Rs. 6777453.00.

Source : Equity Bulls

Keywords

SumitomoChemicalIndia Q1FY24 ResultUpdate