Ginni Filaments Ltd Q3 FY2023-24 loss at Rs. 13.96 crores

Ginni Filaments Limited has reported Standalone financial results for the period ended December 31, 2023.

Financial Results (Q3 FY2024) - QoQ Comparison

The company has reported total income of Rs. 220.6703 crores during the period ended December 31, 2023 as compared to Rs. 230.2838 crores during the period ended September 30, 2023.

The company has posted net profit / (loss) of Rs. -13.9698 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs. -10.8713 crores for the period ended September 30, 2023.

The company has reported EPS of Rs. -1.63 for the period ended December 31, 2023 as compared to Rs. -1.27 for the period ended September 30, 2023.

Financials	Q3 FY2024	Q2 FY2024	% Change
Total Income	₹ 220.6703 crs	₹230.2838 crs	-4.17%
Net Profit	₹-13.9698 crs	₹-10.8713 crs	28.50%
EPS	₹-1.63	₹-1.27	28.35%

Financial Results (Q3 FY2024) - YoY Comparison

The company has reported total income of Rs. 220.6703 crores during the period ended December 31, 2023 as compared to Rs.218.9088 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.-13.9698 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs.-10.2069 crores for the period ended December 31, 2022.

The company has reported EPS of Rs.-1.63 for the period ended December 31, 2023 as compared to Rs.-1.19 for the period ended December 31, 2022.

Financials	Q3 FY2024	Q3 FY2023	% Change
Total Income	₹ 220.6703 crs	₹218.9088 crs	0.80%
Net Profit	₹-13.9698 crs	₹-10.2069 crs	36.87%
EPS	₹-1.63	₹-1.19	36.97%

Financial Results (9 Months Ended FY2024) - YoY Comparison

The company has reported total income of Rs.676.0366 crores during the 9 Months period ended December 31, 2023 as compared to Rs.731.2023 crores during the 9 Months period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.-33.6731 crores for the 9 Months period ended December 31, 2023 as against net profit / (loss) of Rs.-9.07 crores for the 9 Months period ended December 31, 2022.

The company has reported EPS of Rs.-3.93 for the 9 Months period ended December 31, 2023 as compared to Rs.-1.06 for the 9 Months period ended December 31, 2022.

Financials	9 Months Ended FY2024	9 Months Ended FY2023	% Change
Total Income	₹676.0366 crs	₹731.2023 crs	-7.54%
Net Profit	₹-33.6731 crs	₹-9.07 crs	271.26%
EPS	₹-3.93	₹-1.06	270.75%

Shares of Ginni Filaments Limited was last trading in BSE at Rs. 39.19 as compared to the previous close of Rs. 38.63. The total number of shares traded during the day was 17459 in over 147 trades.

The stock hit an intraday high of Rs. 40.00 and intraday low of 38.10. The net turnover during the day was Rs. 685038.00.

Source : Equity Bulls

Keywords

GinniFilaments Q3FY24 9MFY24 ResultUpdate