Rasi Electrodes Ltd Q1 FY24 net profit drops to Rs. 56.09 lakhs

RASI ELECTRODES 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. 19.0663 crores during the period ended June 30, 2023 as compared to Rs. 23.4135 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 0.5609 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 0.6793 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 0.18 for the period ended June 30, 2023 as compared to Rs. 0.23 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 19.0663 crs	₹23.4135 crs	-18.57%
Net Profit	₹0.5609 crs	₹0.6793 crs	-17.43%
EPS	₹0.18	₹0.23	-21.74%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 19.0663 crores during the period ended June 30, 2023 as compared to Rs.21.9529 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.0.5609 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.0.6672 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.0.18 for the period ended June 30, 2023 as compared to Rs.0.21 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 19.0663 crs	₹21.9529 crs	-13.15%
Net Profit	₹0.5609 crs	₹0.6672 crs	-15.93%
EPS	₹0.18	₹0.21	-14.29%

Shares of RASI ELECTRODES LTD. was last trading in BSE at Rs. 17.54 as compared to the previous close of Rs. 18.19. The total number of shares traded during the day was 53519 in over 190 trades.

The stock hit an intraday high of Rs. 18.00 and intraday low of 17.11. The net turnover during the day was Rs. 950076.00.

Source : Equity Bulls

Keywords

RasiElectrodes Q1FY24 ResultUpdate