Bhagwati Autocast Ltd Q1 FY24 net profit drops to Rs. 2.04 crore

BHAGWATI AUTOCAST 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. 38.0210 crores during the period ended June 30, 2023 as compared to Rs. 36.3172 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 2.0454 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 2.2322 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 7.10 for the period ended June 30, 2023 as compared to Rs. 7.75 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 38.0210 crs	₹36.3172 crs	4.69%
Net Profit	₹2.0454 crs	₹2.2322 crs	-8.37%
EPS	₹7.10	₹7.75	-8.39%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 38.0210 crores during the period ended June 30, 2023 as compared to Rs.45.1639 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.2.0454 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.2.3035 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.7.10 for the period ended June 30, 2023 as compared to Rs.8 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 38.0210 crs	₹45.1639 crs	-15.82%
Net Profit	₹2.0454 crs	₹2.3035 crs	-11.20%
EPS	₹7.10	₹8	-11.25%

Shares of BHAGWATI AUTOCAST LTD. was last trading in BSE at Rs. 451.10 as compared to the previous close of Rs. 444.80. The total number of shares traded during the day was 3385 in over 138 trades.

The stock hit an intraday high of Rs. 474.00 and intraday low of 435.50. The net turnover during the day was Rs. 1520864.00.

Source : Equity Bulls

Keywords

BhagwatiAutocast Q1FY24 ResultUpdate