Stock Report

Fairchem Organics Ltd Q1 FY24 net profit slides to Rs. 6.12 crore

Posted On : 2023-08-07 23:07:52( TIMEZONE : IST )

Fairchem Organics 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. 160.7444 crores during the period ended June 30, 2023 as compared to Rs. 152.0693 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 6.1226 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 11.8604 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 4.70 for the period ended June 30, 2023 as compared to Rs. 9.11 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 160.7444 crs	₹152.0693 crs	5.70%
Net Profit	₹6.1226 crs	₹11.8604 crs	-48.38%
EPS	₹4.70	₹9.11	-48.41%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 160.7444 crores during the period ended June 30, 2023 as compared to Rs.225.4028 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.6.1226 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.27.0295 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.4.70 for the period ended June 30, 2023 as compared to Rs.20.76 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 160.7444 crs	₹225.4028 crs	-28.69%
Net Profit	₹6.1226 crs	₹27.0295 crs	-77.35%
EPS	₹4.70	₹20.76	-77.36%

Shares of Fairchem Organics Limited was last trading in BSE at Rs. 1058.50 as compared to the previous close of Rs. 1216.10. The total number of shares traded during the day was 13046 in over 2431 trades.

The stock hit an intraday high of Rs. 1227.00 and intraday low of 1051.15. The net turnover during the day was Rs. 14343194.00.