Kothari Fermentation and Biochem Ltd Q2FY24 loss widens to Rs. 3.46 crore

KOTHARI FERMENTATION & BIOCHEM 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. 22.7150 crores during the period ended September 30, 2023 as compared to Rs. 25.6237 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. -3.4678 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. -2.6916 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. -2.31 for the period ended September 30, 2023 as compared to Rs. -1.79 for the period ended June 30, 2023.

Financials	Q2 FY2024	Q1 FY2024	% Change
Total Income	₹ 22.7150 crs	₹25.6237 crs	-11.35%
Net Profit	₹-3.4678 crs	₹-2.6916 crs	28.84%
EPS	₹-2.31	₹-1.79	29.05%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs. 22.7150 crores during the period ended September 30, 2023 as compared to Rs.24.6012 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.-3.4678 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.-1.7167 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.-2.31 for the period ended September 30, 2023 as compared to Rs.-1.14 for the period ended September 30, 2022.

Financials	Q2 FY2024	Q2 FY2023	% Change
Total Income	₹ 22.7150 crs	₹24.6012 crs	-7.67%
Net Profit	₹-3.4678 crs	₹-1.7167 crs	102.00%
EPS	₹-2.31	₹-1.14	102.63%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.48.3387 crores during the 6 Months period ended September 30, 2023 as compared to Rs.48.2066 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.-6.1595 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.-1.4614 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.-4.11 for the 6 Months period ended September 30, 2023 as compared to Rs.-0.97 for the 6 Months period ended September 30, 2022.

Financials	Half Year Ended FY2024	Half Year Ended FY2023	% Change
Total Income	₹48.3387 crs	₹48.2066 crs	0.27%
Net Profit	₹-6.1595 crs	₹-1.4614 crs	321.48%
EPS	₹-4.11	₹-0.97	323.71%

Shares of KOTHARI FERMENTATION & BIOCHEM LTD. was last trading in BSE at Rs. 84.60 as compared to the previous close of Rs. 82.15. The total number of shares traded during the day was 16325 in over 91 trades.

The stock hit an intraday high of Rs. 85.50 and intraday low of 80.10. The net turnover during the day was Rs. 1353655.00.

Source : Equity Bulls

Keywords

KothariFermentationandBiochem Q2FY24 H1FY24 ResultUpdate