Chennai Ferrous Industries Ltd Q1FY24 net profit at Rs. 1.41 crore

Chennai Ferrous Industries 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. 95.6832 crores during the period ended June 30, 2023 as compared to Rs. 34.8044 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 1.4126 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. -1.1041 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 3.92 for the period ended June 30, 2023 as compared to Rs. -3.06 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 95.6832 crs	₹34.8044 crs	174.92%
Net Profit	₹1.4126 crs	₹-1.1041 crs	227.94%
EPS	₹3.92	₹-3.06	228.10%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 95.6832 crores during the period ended June 30, 2023 as compared to Rs.30.6983 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.1.4126 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.3.6801 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.3.92 for the period ended June 30, 2023 as compared to Rs.10.21 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 95.6832 crs	₹30.6983 crs	211.69%
Net Profit	₹1.4126 crs	₹3.6801 crs	-61.62%
EPS	₹3.92	₹10.21	-61.61%

Shares of Chennai Ferrous Industries Ltd was last trading in BSE at Rs. 140.00 as compared to the previous close of Rs. 142.35. The total number of shares traded during the day was 3053 in over 93 trades.

The stock hit an intraday high of Rs. 142.40 and intraday low of 135.20. The net turnover during the day was Rs. 425403.00.

Source : Equity Bulls

Keywords

ChennaiFerrousIndustries Q1FY24 ResultUpdate