Hindustan Organic Chemicals Ltd consolidated Q1FY24 loss widens to Rs. 23.10 crores

HINDUSTAN ORGANIC CHEMICALS 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. 148.9452 crores during the period ended June 30, 2023 as compared to Rs. 192.7621 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. -23.1093 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. -4.1933 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. -3.43 for the period ended June 30, 2023 as compared to Rs. -0.84 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 148.9452 crs	₹192.7621 crs	-22.73%
Net Profit	₹-23.1093 crs	₹-4.1933 crs	451.10%
EPS	₹-3.43	₹-0.84	308.33%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 148.9452 crores during the period ended June 30, 2023 as compared to Rs.126.8859 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.-23.1093 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.-14.4089 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.-3.43 for the period ended June 30, 2023 as compared to Rs.-2.20 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 148.9452 crs	₹126.8859 crs	17.39%
Net Profit	₹-23.1093 crs	₹-14.4089 crs	60.38%
EPS	₹-3.43	₹-2.20	55.91%

Shares of HINDUSTAN ORGANIC CHEMICALS LTD. was last trading in BSE at Rs. 29.06 as compared to the previous close of Rs. 31.47. The total number of shares traded during the day was 189879 in over 622 trades.

The stock hit an intraday high of Rs. 32.80 and intraday low of 28.77. The net turnover during the day was Rs. 5819447.00.

Source : Equity Bulls

Keywords

HindustanOrganicChemicals Q1FY24 ResultUpdate HOCL