Spectrum Foods Ltd Q1 FY24 net profit higher at Rs. 2.46 crore

SPECTRUM FOODS LTD. has reported Standalone financial results for the period ended June 30, 2023.

Financial Results (Q1 FY2024) - QoQ Comparison

The company has reported total income of Rs. 5.3343 crores during the period ended June 30, 2023 as compared to Rs. 4.5565 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 2.4697 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. -4.2019 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 5.09 for the period ended June 30, 2023 as compared to Rs. -8.67 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 5.3343 crs	₹4.5565 crs	17.07%
Net Profit	₹2.4697 crs	₹-4.2019 crs	158.78%
EPS	₹5.09	₹-8.67	158.71%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 5.3343 crores during the period ended June 30, 2023 as compared to Rs.4.1015 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.2.4697 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.1.8523 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.5.09 for the period ended June 30, 2023 as compared to Rs.3.82 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 5.3343 crs	₹4.1015 crs	30.06%
Net Profit	₹2.4697 crs	₹1.8523 crs	33.33%
EPS	₹5.09	₹3.82	33.25%

Shares of SPECTRUM FOODS LTD. was last trading in BSE at Rs. 47.00 as compared to the previous close of Rs. 47.40. The total number of shares traded during the day was 529 in over 11 trades.

The stock hit an intraday high of Rs. 48.70 and intraday low of 45.03. The net turnover during the day was Rs. 24267.00.

Source : Equity Bulls

Keywords

SpectrumFoods Q1FY24 ResultUpdate