Olectra Greentech's consolidated Q1FY24 PAT falls QoQ to Rs. 18.07 crores

Olectra Greentech 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. 217.2220 crores during the period ended June 30, 2023 as compared to Rs. 376.4404 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 18.0772 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 27.0058 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 2.20 for the period ended June 30, 2023 as compared to Rs. 3.29 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 217.2220 crs	₹376.4404 crs	-42.30%
Net Profit	₹18.0772 crs	₹27.0058 crs	-33.06%
EPS	₹2.20	₹3.29	-33.13%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 217.2220 crores during the period ended June 30, 2023 as compared to Rs.283.5535 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.18.0772 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.16.6315 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.2.20 for the period ended June 30, 2023 as compared to Rs.2.03 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 217.2220 crs	₹283.5535 crs	-23.39%
Net Profit	₹18.0772 crs	₹16.6315 crs	8.69%
EPS	₹2.20	₹2.03	8.37%

Shares of Olectra Greentech Limited was last trading in BSE at Rs. 1136.90 as compared to the previous close of Rs. 1138.85. The total number of shares traded during the day was 123744 in over 10514 trades.

The stock hit an intraday high of Rs. 1170.00 and intraday low of 1112.50. The net turnover during the day was Rs. 140886448.00.

Source : Equity Bulls

Keywords

OlectraGreentech Q1FY24 ResultUpdate