Swadesh Polytex Ltd's Q1FY24 net profit slides to Rs. 3.91 crore

SWADESHI POLYTEX 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. 5.7493 crores during the period ended June 30, 2023 as compared to Rs. 17.2291 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 3.9135 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 12.7393 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 1 for the period ended June 30, 2023 as compared to Rs. 3.26 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 5.7493 crs	₹17.2291 crs	-66.63%
Net Profit	₹3.9135 crs	₹12.7393 crs	-69.28%
EPS	₹1	₹3.26	-69.33%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 5.7493 crores during the period ended June 30, 2023 as compared to Rs.14.0428 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.3.9135 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.10.6206 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.1 for the period ended June 30, 2023 as compared to Rs.2.72 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 5.7493 crs	₹14.0428 crs	-59.06%
Net Profit	₹3.9135 crs	₹10.6206 crs	-63.15%
EPS	₹1	₹2.72	-63.24%

Shares of SWADESHI POLYTEX LTD. was last trading in BSE at Rs. 48.03 as compared to the previous close of Rs. 49.01. The total number of shares traded during the day was 3823 in over 43 trades.

The stock hit an intraday high of Rs. 48.03 and intraday low of 48.03. The net turnover during the day was Rs. 183618.00.

Source : Equity Bulls

Keywords

SwadeshPolytex Q1FY24 ResultUpdate