Salem Erode Investments Ltd Q1 FY24 PAT at Rs. 2.08 lakhs

Salem Erode Investments 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. 1.1678 crores during the period ended June 30, 2023 as compared to Rs. 0.9310 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 0.0208 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. -0.0960 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 0.02 for the period ended June 30, 2023 as compared to Rs. -0.08 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 1.1678 crs	₹0.9310 crs	25.44%
Net Profit	₹0.0208 crs	₹-0.0960 crs	121.67%
EPS	₹0.02	₹-0.08	125.00%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 1.1678 crores during the period ended June 30, 2023 as compared to Rs.0.8612 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.0.0208 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.-0.0774 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.0.02 for the period ended June 30, 2023 as compared to Rs.-0.07 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 1.1678 crs	₹0.8612 crs	35.60%
Net Profit	₹0.0208 crs	₹-0.0774 crs	126.87%
EPS	₹0.02	₹-0.07	128.57%

Shares of Salem Erode Investments Ltd was last trading in BSE at Rs. 37.39 as compared to the previous close of Rs. 38.50. The total number of shares traded during the day was 68 in over 5 trades.

The stock hit an intraday high of Rs. 39.00 and intraday low of 37.35. The net turnover during the day was Rs. 2586.00.

Source : Equity Bulls

Keywords

SalemErodeInvestments Q1FY24 ResultUpdate