Linc Ltd Q1 FY24 net profit falls QoQ to Rs. 7.38 crores

Linc Pen & Plastics Limited 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. 113.2216 crores during the period ended June 30, 2023 as compared to Rs. 138.2036 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 7.3850 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 12.3286 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 4.97 for the period ended June 30, 2023 as compared to Rs. 8.29 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 113.2216 crs	₹138.2036 crs	-18.08%
Net Profit	₹7.3850 crs	₹12.3286 crs	-40.10%
EPS	₹4.97	₹8.29	-40.05%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 113.2216 crores during the period ended June 30, 2023 as compared to Rs.99.2613 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.7.3850 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.4.3808 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.4.97 for the period ended June 30, 2023 as compared to Rs.2.95 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 113.2216 crs	₹99.2613 crs	14.06%
Net Profit	₹7.3850 crs	₹4.3808 crs	68.58%
EPS	₹4.97	₹2.95	68.47%

Shares of Linc Pen & Plastics Limited was last trading in BSE at Rs. 671.05 as compared to the previous close of Rs. 683.35. The total number of shares traded during the day was 2042 in over 197 trades.

The stock hit an intraday high of Rs. 717.85 and intraday low of 662.25. The net turnover during the day was Rs. 1423993.00.

Source : Equity Bulls

Keywords

Linc Q1FY24 ResultUpdate