Minaxi Textiles Ltd Q1FY24 net profit at Rs. 62.74 lakhs

MINAXI TEXTILES 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. 10.4834 crores during the period ended June 30, 2023 as compared to Rs. 6.8369 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 0.6274 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. -2.1579 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 0.13 for the period ended June 30, 2023 as compared to Rs. -0.44 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 10.4834 crs	₹6.8369 crs	53.34%
Net Profit	₹0.6274 crs	₹-2.1579 crs	129.07%
EPS	₹0.13	₹-0.44	129.55%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 10.4834 crores during the period ended June 30, 2023 as compared to Rs.10.1332 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.0.6274 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.-1.0634 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.0.13 for the period ended June 30, 2023 as compared to Rs.-0.22 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 10.4834 crs	₹10.1332 crs	3.46%
Net Profit	₹0.6274 crs	₹-1.0634 crs	159.00%
EPS	₹0.13	₹-0.22	159.09%

Shares of MINAXI TEXTILES LTD. was last trading in BSE at Rs. 1.50 as compared to the previous close of Rs. 1.50. The total number of shares traded during the day was 24506 in over 39 trades.

The stock hit an intraday high of Rs. 1.52 and intraday low of 1.47. The net turnover during the day was Rs. 36520.00.

Source : Equity Bulls

Keywords

MinaxiTextiles Q1FY24 ResultUpdate