Igarashi Motors India Ltd Q1FY24 net profit slides QoQ to Rs. 1.42 crore

Igarashi Motors India Limited 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. 169.1495 crores during the period ended June 30, 2023 as compared to Rs. 176.2532 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 1.4253 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 7.6316 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 0.45 for the period ended June 30, 2023 as compared to Rs. 2.42 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 169.1495 crs	₹176.2532 crs	-4.03%
Net Profit	₹1.4253 crs	₹7.6316 crs	-81.32%
EPS	₹0.45	₹2.42	-81.40%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 169.1495 crores during the period ended June 30, 2023 as compared to Rs.142.9170 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.1.4253 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.-4.2030 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.0.45 for the period ended June 30, 2023 as compared to Rs.-1.34 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 169.1495 crs	₹142.9170 crs	18.36%
Net Profit	₹1.4253 crs	₹-4.2030 crs	133.91%
EPS	₹0.45	₹-1.34	133.58%

Shares of Igarashi Motors India Limited was last trading in BSE at Rs. 544.55 as compared to the previous close of Rs. 558.15. The total number of shares traded during the day was 51031 in over 3178 trades.

The stock hit an intraday high of Rs. 584.95 and intraday low of 524.95. The net turnover during the day was Rs. 28448872.00.

Source : Equity Bulls

Keywords

IgarashiMotorsIndia Q1FY24 ResultUpdate