Avantel Ltd Q1 FY24 consolidated net profit falls QoQ to Rs. 8.01 crores

AVANTEL LTD. has reported Consolidated financial results for the period ended June 30, 2023.

Financial Results (Q1 FY2024) - QoQ Comparison

The company has reported total income of Rs. 69.1542 crores during the period ended June 30, 2023 as compared to Rs. 52.62 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 8.0117 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 9.6908 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 4.94 for the period ended June 30, 2023 as compared to Rs. 5.98 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 69.1542 crs	₹52.62 crs	31.42%
Net Profit	₹8.0117 crs	₹9.6908 crs	-17.33%
EPS	₹4.94	₹5.98	-17.39%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 69.1542 crores during the period ended June 30, 2023 as compared to Rs.27.1070 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.8.0117 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.4.3819 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.4.94 for the period ended June 30, 2023 as compared to Rs.2.70 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 69.1542 crs	₹27.1070 crs	155.12%
Net Profit	₹8.0117 crs	₹4.3819 crs	82.84%
EPS	₹4.94	₹2.70	82.96%

Shares of AVANTEL LTD. was last trading in BSE at Rs. 890.65 as compared to the previous close of Rs. 871.85. The total number of shares traded during the day was 67580 in over 2182 trades.

The stock hit an intraday high of Rs. 906.35 and intraday low of 875.00. The net turnover during the day was Rs. 60374405.00.

Source : Equity Bulls

Keywords

Avantel Q1FY24 ResultUpdate