Somi Conveyor Beltings Ltd Q1FY24 PAT at Rs. 61.12 lakhs

Somi Conveyor Beltings 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. 16.8279 crores during the period ended June 30, 2023 as compared to Rs. 38.8408 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 0.6112 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 1.9831 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 0.52 for the period ended June 30, 2023 as compared to Rs. 1.68 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 16.8279 crs	₹38.8408 crs	-56.67%
Net Profit	₹0.6112 crs	₹1.9831 crs	-69.18%
EPS	₹0.52	₹1.68	-69.05%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 16.8279 crores during the period ended June 30, 2023 as compared to Rs.13.4602 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.0.6112 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.0.3691 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.0.52 for the period ended June 30, 2023 as compared to Rs.0.31 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 16.8279 crs	₹13.4602 crs	25.02%
Net Profit	₹0.6112 crs	₹0.3691 crs	65.59%
EPS	₹0.52	₹0.31	67.74%

Shares of Somi Conveyor Beltings Limited was last trading in BSE at Rs. 57.23 as compared to the previous close of Rs. 56.11. The total number of shares traded during the day was 218 in over 8 trades.

The stock hit an intraday high of Rs. 57.23 and intraday low of 57.23. The net turnover during the day was Rs. 12476.00.

Source : Equity Bulls

Keywords

SomiConveyorBeltings Q1FY24 ResultUpdate