Netweb Technologies India Ltd Q1FY24 PAT drops to Rs. 5.09 crores

Netweb Technologies India Limited 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. 60.219 crores during the period ended June 30, 2023 as compared to Rs. 124.619 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 5.091 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 10.525 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 0.99 for the period ended June 30, 2023 as compared to Rs. 1.92 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 60.219 crs	₹124.619 crs	-51.68%
Net Profit	₹5.091 crs	₹10.525 crs	-51.63%
EPS	₹0.99	₹1.92	-48.44%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 60.219 crores during the period ended June 30, 2023 as compared to Rs.69.406 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.5.091 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.5.605 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.0.99 for the period ended June 30, 2023 as compared to Rs.1.10 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 60.219 crs	₹69.406 crs	-13.24%
Net Profit	₹5.091 crs	₹5.605 crs	-9.17%
EPS	₹0.99	₹1.10	-10.00%

Shares of Netweb Technologies India Limited was last trading in BSE at Rs. 859.95 as compared to the previous close of Rs. 853.90. The total number of shares traded during the day was 24193 in over 2573 trades.

The stock hit an intraday high of Rs. 866.00 and intraday low of 840.30. The net turnover during the day was Rs. 20634378.00.

Source : Equity Bulls

Keywords

NetwebTechnologiesIndia Q1FY24 ResultUpdate