Balurghat Technologies Ltd Q1FY24 net profit rises to Rs. 66.10 lakhs

BALURGHAT TECHNOLOGIES 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. 19.7343 crores during the period ended June 30, 2023 as compared to Rs. 17.1020 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 0.6610 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 0.2023 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 0.38 for the period ended June 30, 2023 as compared to Rs. 0.17 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 19.7343 crs	₹17.1020 crs	15.39%
Net Profit	₹0.6610 crs	₹0.2023 crs	226.74%
EPS	₹0.38	₹0.17	123.53%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 19.7343 crores during the period ended June 30, 2023 as compared to Rs.14.8428 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.0.6610 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.0.1767 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.0.38 for the period ended June 30, 2023 as compared to Rs.0.10 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 19.7343 crs	₹14.8428 crs	32.96%
Net Profit	₹0.6610 crs	₹0.1767 crs	274.08%
EPS	₹0.38	₹0.10	280.00%

Shares of BALURGHAT TECHNOLOGIES LTD. was last trading in BSE at Rs. 12.56 as compared to the previous close of Rs. 11.42. The total number of shares traded during the day was 73126 in over 167 trades.

The stock hit an intraday high of Rs. 13.60 and intraday low of 11.01. The net turnover during the day was Rs. 914886.00.

Source : Equity Bulls

Keywords

BalurghatTechnologies Q1FY24 ResultUpdate