Stock Report

Axel Polymers Ltd Q2 FY24 net profit at Rs. 49.95 lakhs



Posted On : 2023-11-06 15:46:31( TIMEZONE : IST )

Axel Polymers Ltd Q2 FY24 net profit at Rs. 49.95 lakhs

AXEL POLYMERS 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. 30.9264 crores during the period ended September 30, 2023 as compared to Rs. 25.8193 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. 0.4995 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. 0.6184 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. 0.59 for the period ended September 30, 2023 as compared to Rs. 0.73 for the period ended June 30, 2023.

Financials Q2 FY2024 Q1 FY2024 % Change
Total Income ₹30.9264 crs ₹25.8193 crs Up Tick / Down Tick19.78%
Net Profit ₹0.4995 crs ₹0.6184 crs Up Tick / Down Tick-19.23%
EPS ₹0.59 ₹0.73 Up Tick / Down Tick-19.18%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs.30.9264 crores during the period ended September 30, 2023 as compared to Rs.21.5278 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.0.4995 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.0.2502 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.0.59 for the period ended September 30, 2023 as compared to Rs.0.29 for the period ended September 30, 2022.

Financials Q2 FY2024 Q2 FY2023 % Change
Total Income ₹30.9264 crs ₹21.5278 crs Up Tick / Down Tick43.66%
Net Profit ₹0.4995 crs ₹0.2502 crs Up Tick / Down Tick99.64%
EPS ₹0.59 ₹0.29 Up Tick / Down Tick103.45%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.56.7457 crores during the 6 Months period ended September 30, 2023 as compared to Rs.40.3974 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.1.1179 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.0.5082 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.1.31 for the 6 Months period ended September 30, 2023 as compared to Rs.0.60 for the 6 Months period ended September 30, 2022.

Financials Half Year Ended FY2024 Half Year Ended FY2023 % Change
Total Income ₹56.7457 crs ₹40.3974 crs Up Tick / Down Tick40.47%
Net Profit ₹1.1179 crs ₹0.5082 crs Up Tick / Down Tick119.97%
EPS ₹1.31 ₹0.60 Up Tick / Down Tick118.33%

Shares of AXEL POLYMERS LTD. was last trading in BSE at Rs. 48.63 as compared to the previous close of Rs. 49.46. The total number of shares traded during the day was 959 in over 16 trades.

The stock hit an intraday high of Rs. 49.49 and intraday low of 46.99. The net turnover during the day was Rs. 46082.00.

Source : Equity Bulls

Keywords

AxelPolymers Q2FY24 H1FY24 ResultUpdate