Cochin Minerals and Rutile Ltd Q1 FY2023-24 PAT slumps to Rs. 2.26 crore

COCHIN MINERALS & RUTILE LTD. 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. 67.5352 crores during the period ended June 30, 2023 as compared to Rs. 109.8637 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 2.2659 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 12.9977 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 2.89 for the period ended June 30, 2023 as compared to Rs. 16.60 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 67.5352 crs	₹109.8637 crs	-38.53%
Net Profit	₹2.2659 crs	₹12.9977 crs	-82.57%
EPS	₹2.89	₹16.60	-82.59%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 67.5352 crores during the period ended June 30, 2023 as compared to Rs.99.1705 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.2.2659 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.8.4386 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.2.89 for the period ended June 30, 2023 as compared to Rs.10.78 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 67.5352 crs	₹99.1705 crs	-31.90%
Net Profit	₹2.2659 crs	₹8.4386 crs	-73.15%
EPS	₹2.89	₹10.78	-73.19%

Shares of COCHIN MINERALS & RUTILE LTD. was last trading in BSE at Rs. 329.30 as compared to the previous close of Rs. 340.60. The total number of shares traded during the day was 25773 in over 537 trades.

The stock hit an intraday high of Rs. 343.90 and intraday low of 328.00. The net turnover during the day was Rs. 8606059.00.

Source : Equity Bulls

Keywords

CochinMineralsandRutile Q1FY24 ResultUpdate