Karma Energy Ltd posts slide in Q1FY24 PAT to Rs. 28.79 lakhs

Karma 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. 3.5688 crores during the period ended June 30, 2023 as compared to Rs. 5.7381 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 0.2879 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 4.2642 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 0.25 for the period ended June 30, 2023 as compared to Rs. 3.69 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 3.5688 crs	₹5.7381 crs	-37.81%
Net Profit	₹0.2879 crs	₹4.2642 crs	-93.25%
EPS	₹0.25	₹3.69	-93.22%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 3.5688 crores during the period ended June 30, 2023 as compared to Rs.4.2299 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.0.2879 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.0.8592 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.0.25 for the period ended June 30, 2023 as compared to Rs.0.74 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 3.5688 crs	₹4.2299 crs	-15.63%
Net Profit	₹0.2879 crs	₹0.8592 crs	-66.49%
EPS	₹0.25	₹0.74	-66.22%

Shares of Karma Energy Limited was last trading in BSE at Rs. 42.00 as compared to the previous close of Rs. 43.00. The total number of shares traded during the day was 423 in over 7 trades.

The stock hit an intraday high of Rs. 43.02 and intraday low of 42.00. The net turnover during the day was Rs. 18069.00.

Source : Equity Bulls

Keywords

KarmaEnergy Q1FY24 ResultUpdate