Loyal Equipments Ltd sinks to Q1 FY2024 loss of Rs. 2.08 crore

Loyal Equipments 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. 4.1988 crores during the period ended June 30, 2023 as compared to Rs. 17.3832 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. -2.0803 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 3.5001 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. -2.04 for the period ended June 30, 2023 as compared to Rs. 3.43 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 4.1988 crs	₹17.3832 crs	-75.85%
Net Profit	₹-2.0803 crs	₹3.5001 crs	-159.44%
EPS	₹-2.04	₹3.43	-159.48%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 4.1988 crores during the period ended June 30, 2023 as compared to Rs.5.4561 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.-2.0803 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.-1.5938 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.-2.04 for the period ended June 30, 2023 as compared to Rs.-1.56 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 4.1988 crs	₹5.4561 crs	-23.04%
Net Profit	₹-2.0803 crs	₹-1.5938 crs	30.52%
EPS	₹-2.04	₹-1.56	30.77%

Shares of Loyal Equipments Ltd was last trading in BSE at Rs. 159.10 as compared to the previous close of Rs. 154.15. The total number of shares traded during the day was 40906 in over 241 trades.

The stock hit an intraday high of Rs. 161.85 and intraday low of 146.45. The net turnover during the day was Rs. 6234660.00.

Source : Equity Bulls

Keywords

LoyalEquipments Q1FY24 ResultUpdate