Solara Active Pharma Sciences Ltd Q1FY24 consolidated loss widens to Rs. 19.55 crore

Solara Active Pharma Sciences Limited 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. 354.35 crores during the period ended June 30, 2023 as compared to Rs. 385.30 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. -19.55 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 3.76 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. -5.43 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	₹ 354.35 crs	₹385.30 crs	-8.03%
Net Profit	₹-19.55 crs	₹3.76 crs	-619.95%
EPS	₹-5.43	₹1.05	-617.14%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 354.35 crores during the period ended June 30, 2023 as compared to Rs.337.05 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.-19.55 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.-16.43 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.-5.43 for the period ended June 30, 2023 as compared to Rs.-4.56 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 354.35 crs	₹337.05 crs	5.13%
Net Profit	₹-19.55 crs	₹-16.43 crs	18.99%
EPS	₹-5.43	₹-4.56	19.08%

Shares of Solara Active Pharma Sciences Limited was last trading in BSE at Rs. 404.15 as compared to the previous close of Rs. 398.80. The total number of shares traded during the day was 28597 in over 3394 trades.

The stock hit an intraday high of Rs. 414.70 and intraday low of 399.55. The net turnover during the day was Rs. 11674554.00.

Source : Equity Bulls

Keywords

SolaraActivePharmaSciences Q1FY24 ResultUpdate