Sreechem Resins Ltd Q1FY24 loss at Rs. 60.79 lakhs

SREECHEM RESINS 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. 7.3070 crores during the period ended June 30, 2023 as compared to Rs. 7.4759 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. -0.6079 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. -1.5954 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. -1.52 for the period ended June 30, 2023 as compared to Rs. -4 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 7.3070 crs	₹7.4759 crs	-2.26%
Net Profit	₹-0.6079 crs	₹-1.5954 crs	61.90%
EPS	₹-1.52	₹-4	62.00%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 7.3070 crores during the period ended June 30, 2023 as compared to Rs.38.3001 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.-0.6079 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.2.6204 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.-1.52 for the period ended June 30, 2023 as compared to Rs.6.55 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 7.3070 crs	₹38.3001 crs	-80.92%
Net Profit	₹-0.6079 crs	₹2.6204 crs	-123.20%
EPS	₹-1.52	₹6.55	-123.21%

Shares of SREECHEM RESINS LTD. was last trading in BSE at Rs. 44.00 as compared to the previous close of Rs. 42.01. The total number of shares traded during the day was 1700 in over 10 trades.

The stock hit an intraday high of Rs. 44.00 and intraday low of 40.10. The net turnover during the day was Rs. 72624.00.

Source : Equity Bulls

Keywords

SreechemResins Q1FY24 ResultUpdate