Davangere Sugar Company Ltd Q1 FY2024 net profit at Rs. 1.10 crore

Davangere Sugar Company 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. 51.4476 crores during the period ended June 30, 2023 as compared to Rs. 86.8060 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 1.1041 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 8.5754 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 0.12 for the period ended June 30, 2023 as compared to Rs. 0.91 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 51.4476 crs	₹86.8060 crs	-40.73%
Net Profit	₹1.1041 crs	₹8.5754 crs	-87.12%
EPS	₹0.12	₹0.91	-86.81%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 51.4476 crores during the period ended June 30, 2023 as compared to Rs.47.3892 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.1.1041 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.0.8202 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.0.12 for the period ended June 30, 2023 as compared to Rs.0.15 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 51.4476 crs	₹47.3892 crs	8.56%
Net Profit	₹1.1041 crs	₹0.8202 crs	34.61%
EPS	₹0.12	₹0.15	-20.00%

Shares of Davangere Sugar Company Ltd was last trading in BSE at Rs. 101.53 as compared to the previous close of Rs. 90.39. The total number of shares traded during the day was 22529 in over 323 trades.

The stock hit an intraday high of Rs. 104.00 and intraday low of 84.00. The net turnover during the day was Rs. 2201289.00.

Source : Equity Bulls

Keywords

DavangereSugarCompany Q1FY24 ResultUpdate