Nitin Castings Ltd Q1 FY2024 PAT zooms to Rs. 3.62 crore

Nitin Castings 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. 37.1585 crores during the period ended June 30, 2023 as compared to Rs. 30.1163 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 3.6253 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 0.6927 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 7.05 for the period ended June 30, 2023 as compared to Rs. 1.46 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 37.1585 crs	₹30.1163 crs	23.38%
Net Profit	₹3.6253 crs	₹0.6927 crs	423.36%
EPS	₹7.05	₹1.46	382.88%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 37.1585 crores during the period ended June 30, 2023 as compared to Rs.31.0665 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.3.6253 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.0.3375 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.7.05 for the period ended June 30, 2023 as compared to Rs.0.66 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 37.1585 crs	₹31.0665 crs	19.61%
Net Profit	₹3.6253 crs	₹0.3375 crs	974.16%
EPS	₹7.05	₹0.66	968.18%

Shares of Nitin Castings Ltd was last trading in BSE at Rs. 486.85 as compared to the previous close of Rs. 498.15. The total number of shares traded during the day was 392 in over 39 trades.

The stock hit an intraday high of Rs. 510.00 and intraday low of 480.00. The net turnover during the day was Rs. 191523.00.

Source : Equity Bulls

Keywords

NitinCastings Q1FY24 ResultUpdate