Ashirwad Steels and Industries Ltd Q1 FY24 net profit slips to Rs. 29.57 lakhs

ASHIRWAD STEELS & INDUSTRIES 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. 0.7916 crores during the period ended June 30, 2023 as compared to Rs. 0.9377 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 0.2957 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 0.5454 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 0.24 for the period ended June 30, 2023 as compared to Rs. 0.44 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 0.7916 crs	₹0.9377 crs	-15.58%
Net Profit	₹0.2957 crs	₹0.5454 crs	-45.78%
EPS	₹0.24	₹0.44	-45.45%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 0.7916 crores during the period ended June 30, 2023 as compared to Rs.1.2076 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.0.2957 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.0.7437 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.0.24 for the period ended June 30, 2023 as compared to Rs.0.59 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 0.7916 crs	₹1.2076 crs	-34.45%
Net Profit	₹0.2957 crs	₹0.7437 crs	-60.24%
EPS	₹0.24	₹0.59	-59.32%

Shares of ASHIRWAD STEELS & INDUSTRIES LTD. was last trading in BSE at Rs. 30.86 as compared to the previous close of Rs. 31.45. The total number of shares traded during the day was 3088 in over 41 trades.

The stock hit an intraday high of Rs. 31.40 and intraday low of 30.65. The net turnover during the day was Rs. 95907.00.

Source : Equity Bulls

Keywords

AshirwadSteelsandIndustries Q1FY24 ResultUpdate