Polycab India Ltd consolidated Q1 FY2023-24 net profit slips QoQ to Rs. 399.27 crores

Polycab India 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. 3953.38 crores during the period ended June 30, 2023 as compared to Rs. 4375.196 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 399.272 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 424.750 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 26.57 for the period ended June 30, 2023 as compared to Rs. 28.29 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 3953.38 crs	₹4375.196 crs	-9.64%
Net Profit	₹399.272 crs	₹424.750 crs	-6.00%
EPS	₹26.57	₹28.29	-6.08%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 3953.38 crores during the period ended June 30, 2023 as compared to Rs.2780.904 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.399.272 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.219.757 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.26.57 for the period ended June 30, 2023 as compared to Rs.14.65 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 3953.38 crs	₹2780.904 crs	42.16%
Net Profit	₹399.272 crs	₹219.757 crs	81.69%
EPS	₹26.57	₹14.65	81.37%

Shares of Polycab India Limited was last trading in BSE at Rs. 3912.05 as compared to the previous close of Rs. 3875.75. The total number of shares traded during the day was 19093 in over 3680 trades.

The stock hit an intraday high of Rs. 3950.00 and intraday low of 3893.90. The net turnover during the day was Rs. 74865241.00.

Source : Equity Bulls

Keywords

PolycabIndia Q1FY24 ResultUpdate