IP Rings Ltd Q1 FY2023-24 consolidated loss at Rs. 1.15 crore

IP RINGS LTD. has reported Consolidated financial results for the period ended June 30, 2023.

Financial Results (Q1 FY2024) - QoQ Comparison

The company has reported total income of Rs. 77.5248 crores during the period ended June 30, 2023 as compared to Rs. 76.5623 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. -1.1506 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. -1.3256 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. -0.91 for the period ended June 30, 2023 as compared to Rs. -1.05 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 77.5248 crs	₹76.5623 crs	1.26%
Net Profit	₹-1.1506 crs	₹-1.3256 crs	13.20%
EPS	₹-0.91	₹-1.05	13.33%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 77.5248 crores during the period ended June 30, 2023 as compared to Rs.80.0405 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.-1.1506 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.2.1666 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.-0.91 for the period ended June 30, 2023 as compared to Rs.1.71 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 77.5248 crs	₹80.0405 crs	-3.14%
Net Profit	₹-1.1506 crs	₹2.1666 crs	-153.11%
EPS	₹-0.91	₹1.71	-153.22%

Shares of IP RINGS LTD. was last trading in BSE at Rs. 160.00 as compared to the previous close of Rs. 160.40. The total number of shares traded during the day was 26690 in over 50 trades.

The stock hit an intraday high of Rs. 161.00 and intraday low of 160.00. The net turnover during the day was Rs. 4281169.00.

Source : Equity Bulls

Keywords

IPRings Q1FY24 ResultUpdate