The South India Paper Mills Ltd posts loss of Rs. 4.13 crores in Q1 FY2023-24

SOUTH INDIA PAPER MILLS 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. 77.3897 crores during the period ended June 30, 2023 as compared to Rs. 70.0012 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. -4.1393 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. -10.3025 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. -2.21 for the period ended June 30, 2023 as compared to Rs. -6.83 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 77.3897 crs	₹70.0012 crs	10.55%
Net Profit	₹-4.1393 crs	₹-10.3025 crs	59.82%
EPS	₹-2.21	₹-6.83	67.64%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 77.3897 crores during the period ended June 30, 2023 as compared to Rs.80.5498 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.-4.1393 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.0.0520 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.-2.21 for the period ended June 30, 2023 as compared to Rs.0.03 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 77.3897 crs	₹80.5498 crs	-3.92%
Net Profit	₹-4.1393 crs	₹0.0520 crs	-8,060.19%
EPS	₹-2.21	₹0.03	-7,466.67%

Shares of SOUTH INDIA PAPER MILLS LTD. was last trading in BSE at Rs. 105.85 as compared to the previous close of Rs. 105.55. The total number of shares traded during the day was 3778 in over 37 trades.

The stock hit an intraday high of Rs. 106.00 and intraday low of 105.00. The net turnover during the day was Rs. 399586.00.

Source : Equity Bulls

Keywords

TheSouthIndiaPaperMills Q1FY24 ResultUpdate