MM Rubber Company Ltd Q1 FY24 net profit lower at Rs. 16.96 lakhs

MM RUBBER COMPANY 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. 10.5353 crores during the period ended June 30, 2023 as compared to Rs. 9.8413 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 0.1696 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 0.4302 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 0.27 for the period ended June 30, 2023 as compared to Rs. 0.69 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 10.5353 crs	₹9.8413 crs	7.05%
Net Profit	₹0.1696 crs	₹0.4302 crs	-60.58%
EPS	₹0.27	₹0.69	-60.87%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 10.5353 crores during the period ended June 30, 2023 as compared to Rs.10.3531 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.0.1696 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.0.5194 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.0.27 for the period ended June 30, 2023 as compared to Rs.0.83 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 10.5353 crs	₹10.3531 crs	1.76%
Net Profit	₹0.1696 crs	₹0.5194 crs	-67.35%
EPS	₹0.27	₹0.83	-67.47%

Shares of MM RUBBER COMPANY LTD. was last trading in BSE at Rs. 121.60 as compared to the previous close of Rs. 126.00. The total number of shares traded during the day was 7772 in over 53 trades.

The stock hit an intraday high of Rs. 127.90 and intraday low of 120.30. The net turnover during the day was Rs. 958445.00.

Source : Equity Bulls

Keywords

MMRubberCompany Q1FY24 ResultUpdate