Aether Industries Ltd consolidated Q1 FY2024 net profit slides to Rs. 29.81 crores

Aether Industries 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. 163.367 crores during the period ended June 30, 2023 as compared to Rs. 184.371 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 29.814 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 37.549 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 2.25 for the period ended June 30, 2023 as compared to Rs. 3.02 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 163.367 crs	₹184.371 crs	-11.39%
Net Profit	₹29.814 crs	₹37.549 crs	-20.60%
EPS	₹2.25	₹3.02	-25.50%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 163.367 crores during the period ended June 30, 2023 as compared to Rs.166.170 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.29.814 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.30.620 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.2.25 for the period ended June 30, 2023 as compared to Rs.2.46 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 163.367 crs	₹166.170 crs	-1.69%
Net Profit	₹29.814 crs	₹30.620 crs	-2.63%
EPS	₹2.25	₹2.46	-8.54%

Shares of Aether Industries Limited was last trading in BSE at Rs. 1075.25 as compared to the previous close of Rs. 1066.55. The total number of shares traded during the day was 13567 in over 1410 trades.

The stock hit an intraday high of Rs. 1080.30 and intraday low of 1055.90. The net turnover during the day was Rs. 14497787.00.

Source : Equity Bulls

Keywords

AetherIndustries Q1FY24 ResultUpdate