Hitech Corporation Ltd Q1 FY2024 PAT slips QoQ to Rs. 7.68 crores

Hitech Corporation 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. 150.5336 crores during the period ended June 30, 2023 as compared to Rs. 129.3963 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 7.6817 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 8.8236 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 4.47 for the period ended June 30, 2023 as compared to Rs. 5.14 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 150.5336 crs	₹129.3963 crs	16.34%
Net Profit	₹7.6817 crs	₹8.8236 crs	-12.94%
EPS	₹4.47	₹5.14	-13.04%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 150.5336 crores during the period ended June 30, 2023 as compared to Rs.148.5620 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.7.6817 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.6.3407 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.4.47 for the period ended June 30, 2023 as compared to Rs.3.69 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 150.5336 crs	₹148.5620 crs	1.33%
Net Profit	₹7.6817 crs	₹6.3407 crs	21.15%
EPS	₹4.47	₹3.69	21.14%

Shares of Hitech Corporation Limited was last trading in BSE at Rs. 243.10 as compared to the previous close of Rs. 236.95. The total number of shares traded during the day was 2656 in over 42 trades.

The stock hit an intraday high of Rs. 245.00 and intraday low of 228.55. The net turnover during the day was Rs. 639163.00.

Source : Equity Bulls

Keywords

HitechCorporation Q1FY24 ResultUpdate