Magadh Sugar and Energy Ltd posts net profit of Rs. 15.53 crores in Q1FY24

Magadh Sugar & Energy 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. 300.9638 crores during the period ended June 30, 2023 as compared to Rs. 299.3827 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 15.5395 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 35.0510 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 11.03 for the period ended June 30, 2023 as compared to Rs. 24.88 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 300.9638 crs	₹299.3827 crs	0.53%
Net Profit	₹15.5395 crs	₹35.0510 crs	-55.67%
EPS	₹11.03	₹24.88	-55.67%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 300.9638 crores during the period ended June 30, 2023 as compared to Rs.245.9814 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.15.5395 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.0.0788 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.11.03 for the period ended June 30, 2023 as compared to Rs.0.06 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 300.9638 crs	₹245.9814 crs	22.35%
Net Profit	₹15.5395 crs	₹0.0788 crs	19,620.18%
EPS	₹11.03	₹0.06	18,283.33%

Shares of Magadh Sugar & Energy Limited was last trading in BSE at Rs. 469.75 as compared to the previous close of Rs. 459.20. The total number of shares traded during the day was 6277 in over 407 trades.

The stock hit an intraday high of Rs. 484.30 and intraday low of 464.70. The net turnover during the day was Rs. 2973815.00.

Source : Equity Bulls

Keywords

MagadhSugarandEnergy Q1FY24 ResultUpdate