Stovec Industries Ltd Q1 CY2020 net profit at Rs. 4.60 crore

STOVEC INDUSTRIES LTD. has reported financial results for the period ended March 31, 2020.

Financial Results (Q1 CY2020) - QoQ Comparison

The company has reported total income of Rs.43.46 crores during the period ended March 31, 2020 (Q1 CY2020) as compared to Rs.51.29 crores during the period ended December 31, 2019 (Q4 CY2019).

The company has posted net profit of Rs.4.60 crores for the period ended March 31, 2020 (Q1 CY2020) as against Rs.5.59 crores for the period ended December 31, 2019 (Q4 CY2019).

The company has reported EPS of Rs.22.06 for the period ended March 31, 2020 (Q1 CY2020) as compared to Rs.26.78 for the period ended December 31, 2019 (Q4 CY2019).

Financials	Q1 CY2020	Q4 CY2019	% Change
Total Income	₹ 43.46 crs	₹ 51.29 crs	-15.27%
Net Profit	₹ 4.60 crs	₹ 5.59 crs	-17.71%
EPS	₹ 22.06	₹ 26.78	-17.63%

Financial Results (Q1 CY2020) - YoY Comparison

The company has reported total income of Rs.43.46 crores during the period ended March 31, 2020 (Q1 CY2020) as compared to Rs.40.08 crores during the period ended March 31, 2019 (Q1 CY2019).

The company has posted net profit of Rs.4.60 crores for the period ended March 31, 2020 (Q1 CY2020) as against Rs.7 crores for the period ended March 31, 2019 (Q1 CY2019).

The company has reported EPS of Rs.22.06 for the period ended March 31, 2020 (Q1 CY2020) as compared to Rs.33.55 for the period ended March 31, 2019 (Q1 CY2019).

Financials	Q1 CY2020	Q1 CY2019	% Change
Total Income	₹ 43.46 crs	₹ 40.08 crs	8.43%
Net Profit	₹ 4.60 crs	₹ 7 crs	-34.29%
EPS	₹ 22.06	₹ 33.55	-34.25%

Shares of STOVEC INDUSTRIES LTD. was last trading in BSE at Rs.2008.8 as compared to the previous close of Rs. 2000.3. The total number of shares traded during the day was 290 in over 28 trades.

The stock hit an intraday high of Rs. 2010 and intraday low of 1976.05. The net turnover during the day was Rs. 578395.

Source : Equity Bulls

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