Ambika Cotton Mills Ltd Q1 FY2024 net profit up QoQ at Rs. 20.75 crores

Ambika Cotton Mills 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. 233 crores during the period ended June 30, 2023 as compared to Rs. 190.28 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 20.75 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 18.13 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 36.24 for the period ended June 30, 2023 as compared to Rs. 31.67 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 233 crs	₹190.28 crs	22.45%
Net Profit	₹20.75 crs	₹18.13 crs	14.45%
EPS	₹36.24	₹31.67	14.43%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 233 crores during the period ended June 30, 2023 as compared to Rs.256.79 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.20.75 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.38.87 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.36.24 for the period ended June 30, 2023 as compared to Rs.67.90 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 233 crs	₹256.79 crs	-9.26%
Net Profit	₹20.75 crs	₹38.87 crs	-46.62%
EPS	₹36.24	₹67.90	-46.63%

Shares of Ambika Cotton Mills Limited was last trading in BSE at Rs. 1499.75 as compared to the previous close of Rs. 1509.60. The total number of shares traded during the day was 2989 in over 355 trades.

The stock hit an intraday high of Rs. 1514.35 and intraday low of 1466.95. The net turnover during the day was Rs. 4439351.00.

Source : Equity Bulls

Keywords

AmbikaCottonMills Q1FY24 ResultUpdate