Stock Report

Resonance Specialties Ltd Q2 FY2024 net profit declines to Rs. 46.31 lakhs



Posted On : 2023-11-04 23:30:06( TIMEZONE : IST )

Resonance Specialties Ltd Q2 FY2024 net profit declines to Rs. 46.31 lakhs

RESONANCE SPECIALTIES 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. 10.3895 crores during the period ended September 30, 2023 as compared to Rs. 13.6045 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. 0.4631 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. 0.8748 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. 0.39 for the period ended September 30, 2023 as compared to Rs. 0.76 for the period ended June 30, 2023.

Financials Q2 FY2024 Q1 FY2024 % Change
Total Income ₹ 10.3895 crs ₹13.6045 crs Up Tick / Down Tick-23.63%
Net Profit ₹0.4631 crs ₹0.8748 crs Up Tick / Down Tick-47.06%
EPS ₹0.39 ₹0.76 Up Tick / Down Tick-48.68%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs. 10.3895 crores during the period ended September 30, 2023 as compared to Rs.15.8164 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.0.4631 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.1.3785 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.0.39 for the period ended September 30, 2023 as compared to Rs.1.24 for the period ended September 30, 2022.

Financials Q2 FY2024 Q2 FY2023 % Change
Total Income ₹ 10.3895 crs ₹15.8164 crs Up Tick / Down Tick-34.31%
Net Profit ₹0.4631 crs ₹1.3785 crs Up Tick / Down Tick-66.41%
EPS ₹0.39 ₹1.24 Up Tick / Down Tick-68.55%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.23.9940 crores during the 6 Months period ended September 30, 2023 as compared to Rs.32.4816 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.1.3379 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.2.8939 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.1.14 for the 6 Months period ended September 30, 2023 as compared to Rs.2.53 for the 6 Months period ended September 30, 2022.

Financials Half Year Ended FY2024 Half Year Ended FY2023 % Change
Total Income ₹23.9940 crs ₹32.4816 crs Up Tick / Down Tick-26.13%
Net Profit ₹1.3379 crs ₹2.8939 crs Up Tick / Down Tick-53.77%
EPS ₹1.14 ₹2.53 Up Tick / Down Tick-54.94%

Shares of RESONANCE SPECIALTIES LTD. was last trading in BSE at Rs. 95.85 as compared to the previous close of Rs. 96.59. The total number of shares traded during the day was 3585 in over 71 trades.

The stock hit an intraday high of Rs. 97.80 and intraday low of 93.20. The net turnover during the day was Rs. 341729.00.

Source : Equity Bulls

Keywords

ResonanceSpecialties Q2FY24 H1FY24 ResultUpdate