Longview Tea Company Ltd posts net profit of Rs. 47.18 lakhs in Q1FY24

LONGVIEW TEA COMPANY 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. 0.6213 crores during the period ended June 30, 2023 as compared to Rs. 0.5184 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 0.4718 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. -0.1775 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 1.57 for the period ended June 30, 2023 as compared to Rs. -0.59 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹0.6213 crs	₹0.5184 crs	19.85%
Net Profit	₹0.4718 crs	₹-0.1775 crs	365.80%
EPS	₹1.57	₹-0.59	366.10%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs.0.6213 crores during the period ended June 30, 2023 as compared to Rs.0.9360 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.0.4718 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.-0.51 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.1.57 for the period ended June 30, 2023 as compared to Rs.-1.70 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹0.6213 crs	₹0.9360 crs	-33.62%
Net Profit	₹0.4718 crs	₹-0.51 crs	192.51%
EPS	₹1.57	₹-1.70	192.35%

Shares of LONGVIEW TEA COMPANY LTD. was last trading in BSE at Rs. 22.50 as compared to the previous close of Rs. 22.68. The total number of shares traded during the day was 5 in over 3 trades.

The stock hit an intraday high of Rs. 23.05 and intraday low of 22.50. The net turnover during the day was Rs. 114.00.

Source : Equity Bulls

Keywords

LongviewTeaCompany Q1FY24 ResultUpdate