Asian Energy Services Ltd's Q1FY24 consolidated loss reduces to Rs. 3.04 crore

Asian Energy Services Ltd 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. 48.7576 crores during the period ended June 30, 2023 as compared to Rs. 30.2743 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. -3.0417 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. -6.5467 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. -0.81 for the period ended June 30, 2023 as compared to Rs. -1.74 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 48.7576 crs	₹30.2743 crs	61.05%
Net Profit	₹-3.0417 crs	₹-6.5467 crs	53.54%
EPS	₹-0.81	₹-1.74	53.45%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 48.7576 crores during the period ended June 30, 2023 as compared to Rs.28.5291 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.-3.0417 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.-8.4578 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.-0.81 for the period ended June 30, 2023 as compared to Rs.-2.24 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 48.7576 crs	₹28.5291 crs	70.90%
Net Profit	₹-3.0417 crs	₹-8.4578 crs	64.04%
EPS	₹-0.81	₹-2.24	63.84%

Shares of Asian Energy Services Ltd was last trading in BSE at Rs. 126.50 as compared to the previous close of Rs. 128.00. The total number of shares traded during the day was 28619 in over 218 trades.

The stock hit an intraday high of Rs. 134.00 and intraday low of 122.50. The net turnover during the day was Rs. 3636849.00.

Source : Equity Bulls

Keywords

AsianEnergyServices Q1FY24 ResultUpdate