Electrosteel Castings Ltd Q1 FY24 consolidated net profit lower at Rs. 74.86 crores

Electrosteel Castings 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. 1712.0224 crores during the period ended June 30, 2023 as compared to Rs. 1908.6621 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 74.8648 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 89.4307 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 1.26 for the period ended June 30, 2023 as compared to Rs. 1.50 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 1712.0224 crs	₹1908.6621 crs	-10.30%
Net Profit	₹74.8648 crs	₹89.4307 crs	-16.29%
EPS	₹1.26	₹1.50	-16.00%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 1712.0224 crores during the period ended June 30, 2023 as compared to Rs.1783.4694 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.74.8648 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.95.0888 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.1.26 for the period ended June 30, 2023 as compared to Rs.1.60 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 1712.0224 crs	₹1783.4694 crs	-4.01%
Net Profit	₹74.8648 crs	₹95.0888 crs	-21.27%
EPS	₹1.26	₹1.60	-21.25%

Shares of Electrosteel Castings Limited was last trading in BSE at Rs. 58.73 as compared to the previous close of Rs. 59.70. The total number of shares traded during the day was 274916 in over 1221 trades.

The stock hit an intraday high of Rs. 62.28 and intraday low of 58.00. The net turnover during the day was Rs. 16629103.00.

Source : Equity Bulls

Keywords

ElectrosteelCastings Q1FY24 ResultUpdate