Sharat Industries Ltd Q1FY24 consolidated net profit at Rs. 1.79 crore

SHARAT INDUSTRIES LTD. 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. 80.0715 crores during the period ended June 30, 2023 as compared to Rs. 62.9592 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 1.7984 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 0.2790 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 0.75 for the period ended June 30, 2023 as compared to Rs. 0.07 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 80.0715 crs	₹62.9592 crs	27.18%
Net Profit	₹1.7984 crs	₹0.2790 crs	544.59%
EPS	₹0.75	₹0.07	971.43%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 80.0715 crores during the period ended June 30, 2023 as compared to Rs.87.8098 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.1.7984 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.2.7005 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.0.75 for the period ended June 30, 2023 as compared to Rs.1.13 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 80.0715 crs	₹87.8098 crs	-8.81%
Net Profit	₹1.7984 crs	₹2.7005 crs	-33.40%
EPS	₹0.75	₹1.13	-33.63%

Shares of SHARAT INDUSTRIES LTD. was last trading in BSE at Rs. 54.50 as compared to the previous close of Rs. 55.75. The total number of shares traded during the day was 1978 in over 14 trades.

The stock hit an intraday high of Rs. 58.50 and intraday low of 53.41. The net turnover during the day was Rs. 109887.00.

Source : Equity Bulls

Keywords

SharatIndustries Q1FY24 ResultUpdate