Stock Report

Avance Technologies Ltd posts consolidated Q2FY24 profit of Rs. 69.48 lakhs



Posted On : 2023-11-05 22:37:45( TIMEZONE : IST )

Avance Technologies Ltd posts consolidated Q2FY24 profit of Rs. 69.48 lakhs

Avance Technologies Limited has reported Consolidated financial results for the period ended September 30, 2023.

Financial Results (Q2 FY2024) - QoQ Comparison

The company has reported total income of Rs. 16.9651 crores during the period ended September 30, 2023 as compared to Rs. 2.5558 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. 0.6948 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. 0.1776 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. 0.018 for the period ended September 30, 2023 as compared to Rs. 0.004 for the period ended June 30, 2023.

Financials Q2 FY2024 Q1 FY2024 % Change
Total Income ₹ 16.9651 crs ₹2.5558 crs Up Tick / Down Tick563.79%
Net Profit ₹0.6948 crs ₹0.1776 crs Up Tick / Down Tick291.22%
EPS ₹0.018 ₹0.004 Up Tick / Down Tick350.00%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs. 16.9651 crores during the period ended September 30, 2023 as compared to Rs.1.4772 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.0.6948 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.0.0419 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.0.018 for the period ended September 30, 2023 as compared to Rs.0.0010 for the period ended September 30, 2022.

Financials Q2 FY2024 Q2 FY2023 % Change
Total Income ₹ 16.9651 crs ₹1.4772 crs Up Tick / Down Tick1,048.46%
Net Profit ₹0.6948 crs ₹0.0419 crs Up Tick / Down Tick1,558.23%
EPS ₹0.018 ₹0.0010 Up Tick / Down Tick1,700.00%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.19.5209 crores during the 6 Months period ended September 30, 2023 as compared to Rs.26.2761 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.0.8724 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.0.3917 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.0.004 for the 6 Months period ended September 30, 2023 as compared to Rs.0.002 for the 6 Months period ended September 30, 2022.

Financials Half Year Ended FY2024 Half Year Ended FY2023 % Change
Total Income ₹19.5209 crs ₹26.2761 crs Up Tick / Down Tick-25.71%
Net Profit ₹0.8724 crs ₹0.3917 crs Up Tick / Down Tick122.72%
EPS ₹0.004 ₹0.002 Up Tick / Down Tick100.00%

Shares of Avance Technologies Limited was last trading in BSE at Rs. 2.24 as compared to the previous close of Rs. 2.20. The total number of shares traded during the day was 345389 in over 124 trades.

The stock hit an intraday high of Rs. 2.24 and intraday low of 2.24. The net turnover during the day was Rs. 773671.00.

Source : Equity Bulls

Keywords

AvanceTechnologies Q2FY24 H1FY24 ResultUpdate