HPL Electric and Power Ltd consolidated Q1 FY24 net profit slips QOQ to Rs. 6.92 crores

HPL Electric & Power 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. 321.6946 crores during the period ended June 30, 2023 as compared to Rs. 364.0594 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 6.9251 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 11.2514 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 1.08 for the period ended June 30, 2023 as compared to Rs. 1.75 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 321.6946 crs	₹364.0594 crs	-11.64%
Net Profit	₹6.9251 crs	₹11.2514 crs	-38.45%
EPS	₹1.08	₹1.75	-38.29%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 321.6946 crores during the period ended June 30, 2023 as compared to Rs.296.5862 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.6.9251 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.6.2992 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.1.08 for the period ended June 30, 2023 as compared to Rs.0.98 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 321.6946 crs	₹296.5862 crs	8.47%
Net Profit	₹6.9251 crs	₹6.2992 crs	9.94%
EPS	₹1.08	₹0.98	10.20%

Shares of HPL Electric & Power Limited was last trading in BSE at Rs. 215.10 as compared to the previous close of Rs. 216.05. The total number of shares traded during the day was 180979 in over 4669 trades.

The stock hit an intraday high of Rs. 223.25 and intraday low of 211.10. The net turnover during the day was Rs. 39282219.00.

Source : Equity Bulls

Keywords

HPLElectricandPower Q1FY24 ResultUpdate