Gravity India Ltd Q1FY24 loss at Rs. 29.59 lakhs

GRAVITY (INDIA) 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. 0.7358 crores during the period ended June 30, 2023 as compared to Rs. 3.9605 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. -0.2959 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. -0.6432 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. -0.33 for the period ended June 30, 2023 as compared to Rs. -0.71 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 0.7358 crs	₹3.9605 crs	-81.42%
Net Profit	₹-0.2959 crs	₹-0.6432 crs	54.00%
EPS	₹-0.33	₹-0.71	53.52%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 0.7358 crores during the period ended June 30, 2023 as compared to Rs.2.4557 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.-0.2959 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.-0.3565 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.-0.33 for the period ended June 30, 2023 as compared to Rs.-0.40 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 0.7358 crs	₹2.4557 crs	-70.04%
Net Profit	₹-0.2959 crs	₹-0.3565 crs	17.00%
EPS	₹-0.33	₹-0.40	17.50%

Shares of GRAVITY (INDIA) LTD. was last trading in BSE at Rs. 3.78 as compared to the previous close of Rs. 3.85. The total number of shares traded during the day was 4702 in over 11 trades.

The stock hit an intraday high of Rs. 3.84 and intraday low of 3.78. The net turnover during the day was Rs. 17975.00.

Source : Equity Bulls

Keywords

GravityIndia Q1FY24 ResultUpdate