Axel Polymers Ltd Q1FY24 net profit up at Rs. 61.84 lakhs

AXEL POLYMERS 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. 25.8193 crores during the period ended June 30, 2023 as compared to Rs. 27.3007 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 0.6184 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 0.4064 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 0.73 for the period ended June 30, 2023 as compared to Rs. 0.48 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 25.8193 crs	₹27.3007 crs	-5.43%
Net Profit	₹0.6184 crs	₹0.4064 crs	52.17%
EPS	₹0.73	₹0.48	52.08%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 25.8193 crores during the period ended June 30, 2023 as compared to Rs.18.8696 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.0.6184 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.0.2580 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.0.73 for the period ended June 30, 2023 as compared to Rs.0.30 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 25.8193 crs	₹18.8696 crs	36.83%
Net Profit	₹0.6184 crs	₹0.2580 crs	139.69%
EPS	₹0.73	₹0.30	143.33%

Shares of AXEL POLYMERS LTD. was last trading in BSE at Rs. 45.67 as compared to the previous close of Rs. 45.00. The total number of shares traded during the day was 3051 in over 24 trades.

The stock hit an intraday high of Rs. 47.00 and intraday low of 45.00. The net turnover during the day was Rs. 141412.00.

Source : Equity Bulls

Keywords

AxelPolymers Q1FY24 ResultUpdate