Kanani Industries Ltd Q1FY24 consolidated net profit at Rs. 32.02 lakhs

Kanani Industries 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. 82.1015 crores during the period ended June 30, 2023 as compared to Rs. 61.9727 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 0.3202 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. -0.0121 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 0.03 for the period ended June 30, 2023 as compared to Rs. -0.001 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹82.1015 crs	₹61.9727 crs	32.48%
Net Profit	₹0.3202 crs	₹-0.0121 crs	2,746.28%
EPS	₹0.03	₹-0.001	3,100.00%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs.82.1015 crores during the period ended June 30, 2023 as compared to Rs.95.1378 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.0.3202 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.1.2505 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.0.03 for the period ended June 30, 2023 as compared to Rs.0.13 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹82.1015 crs	₹95.1378 crs	-13.70%
Net Profit	₹0.3202 crs	₹1.2505 crs	-74.39%
EPS	₹0.03	₹0.13	-76.92%

Shares of Kanani Industries Limited was last trading in BSE at Rs. 7.54 as compared to the previous close of Rs. 7.31. The total number of shares traded during the day was 3886 in over 34 trades.

The stock hit an intraday high of Rs. 7.60 and intraday low of 7.16. The net turnover during the day was Rs. 28766.00.

Source : Equity Bulls

Keywords

KananiIndustries Q1FY24 ResultUpdate