Orient Ceratech Ltd consolidated Q1 FY2023-24 net profit slips QoQ to Rs. 4.22 crore

Orient Abrasives Limited has reported Consolidated financial results for the period ended June 30, 2023.

Financial Results (Q1 FY2024) - QoQ Comparison

The company has reported total income of Rs. 73.8492 crores during the period ended June 30, 2023 as compared to Rs. 88.3192 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 4.2255 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 5.8851 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 0.35 for the period ended June 30, 2023 as compared to Rs. 0.49 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 73.8492 crs	₹88.3192 crs	-16.38%
Net Profit	₹4.2255 crs	₹5.8851 crs	-28.20%
EPS	₹0.35	₹0.49	-28.57%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 73.8492 crores during the period ended June 30, 2023 as compared to Rs.94.3457 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.4.2255 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.3.8259 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.0.35 for the period ended June 30, 2023 as compared to Rs.0.32 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 73.8492 crs	₹94.3457 crs	-21.72%
Net Profit	₹4.2255 crs	₹3.8259 crs	10.44%
EPS	₹0.35	₹0.32	9.38%

Shares of Orient Abrasives Limited was last trading in BSE at Rs. 34.58 as compared to the previous close of Rs. 33.85. The total number of shares traded during the day was 16019 in over 67 trades.

The stock hit an intraday high of Rs. 35.20 and intraday low of 34.00. The net turnover during the day was Rs. 556206.00.

Source : Equity Bulls

Keywords

OrientCeratech Q1FY24 ResultUpdate