Innovative Tech Pack Ltd Q1 FY2024 PAT climbs to Rs. 98.83 lakhs

INNOVATIVE TECH PACK 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. 38.0465 crores during the period ended June 30, 2023 as compared to Rs. 39.7558 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 0.9883 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 0.2732 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 0.44 for the period ended June 30, 2023 as compared to Rs. 0.12 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 38.0465 crs	₹39.7558 crs	-4.30%
Net Profit	₹0.9883 crs	₹0.2732 crs	261.75%
EPS	₹0.44	₹0.12	266.67%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 38.0465 crores during the period ended June 30, 2023 as compared to Rs.43.0880 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.0.9883 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.0.5533 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.0.44 for the period ended June 30, 2023 as compared to Rs.0.25 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 38.0465 crs	₹43.0880 crs	-11.70%
Net Profit	₹0.9883 crs	₹0.5533 crs	78.62%
EPS	₹0.44	₹0.25	76.00%

Shares of INNOVATIVE TECH PACK LTD. was last trading in BSE at Rs. 18.24 as compared to the previous close of Rs. 17.58. The total number of shares traded during the day was 1628 in over 25 trades.

The stock hit an intraday high of Rs. 18.50 and intraday low of 17.50. The net turnover during the day was Rs. 28759.00.

Source : Equity Bulls

Keywords

InnovativeTechPack Q1FY24 ResultUpdate