Sarthak Metals Ltd Q1FY24 net profit drops to Rs. 5.35 crore

Sarthak Metals 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. 82.0368 crores during the period ended June 30, 2023 as compared to Rs. 135.2458 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 5.3542 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 8.5849 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 3.87 for the period ended June 30, 2023 as compared to Rs. 6.27 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 82.0368 crs	₹135.2458 crs	-39.34%
Net Profit	₹5.3542 crs	₹8.5849 crs	-37.63%
EPS	₹3.87	₹6.27	-38.28%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 82.0368 crores during the period ended June 30, 2023 as compared to Rs.81.4452 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.5.3542 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.5.7847 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.3.87 for the period ended June 30, 2023 as compared to Rs.4.23 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 82.0368 crs	₹81.4452 crs	0.73%
Net Profit	₹5.3542 crs	₹5.7847 crs	-7.44%
EPS	₹3.87	₹4.23	-8.51%

Shares of Sarthak Metals Ltd was last trading in BSE at Rs. 253.60 as compared to the previous close of Rs. 258.75. The total number of shares traded during the day was 827 in over 22 trades.

The stock hit an intraday high of Rs. 258.75 and intraday low of 253.60. The net turnover during the day was Rs. 209984.00.

Source : Equity Bulls

Keywords

SarthakMetals Q1FY24 ResultUpdate