Onward Technologies Ltd Q1 FY2024 consolidated net profit rises to Rs. 10.88 crores

Onward Technologies Limited 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. 122.2646 crores during the period ended June 30, 2023 as compared to Rs. 123.1081 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 10.8807 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 7.2370 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 4.77 for the period ended June 30, 2023 as compared to Rs. 3.19 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹122.2646 crs	₹123.1081 crs	-0.69%
Net Profit	₹10.8807 crs	₹7.2370 crs	50.35%
EPS	₹4.77	₹3.19	49.53%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs.122.2646 crores during the period ended June 30, 2023 as compared to Rs.95.7773 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.10.8807 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.1.2056 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.4.77 for the period ended June 30, 2023 as compared to Rs.0.53 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹122.2646 crs	₹95.7773 crs	27.66%
Net Profit	₹10.8807 crs	₹1.2056 crs	802.51%
EPS	₹4.77	₹0.53	800.00%

Shares of Onward Technologies Limited was last trading in BSE at Rs. 584.45 as compared to the previous close of Rs. 570.25. The total number of shares traded during the day was 137279 in over 6117 trades.

The stock hit an intraday high of Rs. 637.45 and intraday low of 572.85. The net turnover during the day was Rs. 83578827.00.

Source : Equity Bulls

Keywords

OnwardTechnologies Q1FY24 ResultUpdate