Sharda Ispat Ltd Q2 FY2024 PAT surges to Rs. 3.93 crore

SHARDA ISPAT LTD. has reported Standalone financial results for the period ended September 30, 2023.

Financial Results (Q2 FY2024) - QoQ Comparison

The company has reported total income of Rs. 56.6251 crores during the period ended September 30, 2023 as compared to Rs. 60.2697 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. 3.9335 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. 2.3147 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. 7.75 for the period ended September 30, 2023 as compared to Rs. 4.56 for the period ended June 30, 2023.

Financials	Q2 FY2024	Q1 FY2024	% Change
Total Income	₹ 56.6251 crs	₹60.2697 crs	-6.05%
Net Profit	₹3.9335 crs	₹2.3147 crs	69.94%
EPS	₹7.75	₹4.56	69.96%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs. 56.6251 crores during the period ended September 30, 2023 as compared to Rs.35.1415 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.3.9335 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.0.1315 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.7.75 for the period ended September 30, 2023 as compared to Rs.0.26 for the period ended September 30, 2022.

Financials	Q2 FY2024	Q2 FY2023	% Change
Total Income	₹ 56.6251 crs	₹35.1415 crs	61.13%
Net Profit	₹3.9335 crs	₹0.1315 crs	2,891.25%
EPS	₹7.75	₹0.26	2,880.77%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.116.8948 crores during the 6 Months period ended September 30, 2023 as compared to Rs.57.1101 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.6.2482 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.0.9564 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.12.31 for the 6 Months period ended September 30, 2023 as compared to Rs.1.88 for the 6 Months period ended September 30, 2022.

Financials	Half Year Ended FY2024	Half Year Ended FY2023	% Change
Total Income	₹116.8948 crs	₹57.1101 crs	104.68%
Net Profit	₹6.2482 crs	₹0.9564 crs	553.30%
EPS	₹12.31	₹1.88	554.79%

Shares of SHARDA ISPAT LTD. was last trading in BSE at Rs. 141.90 as compared to the previous close of Rs. 145.80. The total number of shares traded during the day was 1266 in over 16 trades.

The stock hit an intraday high of Rs. 145.80 and intraday low of 139.00. The net turnover during the day was Rs. 182356.00.

Source : Equity Bulls

Keywords

ShardaIspat Q2FY24 H1FY24 ResultUpdate