Veer Energy and Infrastructure Ltd Q1 FY24 net profit at Rs. 41.07 lakhs

VEER ENERGY & INFRASTRUCTURE 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. 1.5997 crores during the period ended June 30, 2023 as compared to Rs. 2.6791 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 0.4107 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 0.6398 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 0.27 for the period ended June 30, 2023 as compared to Rs. 0.42 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 1.5997 crs	₹2.6791 crs	-40.29%
Net Profit	₹0.4107 crs	₹0.6398 crs	-35.81%
EPS	₹0.27	₹0.42	-35.71%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 1.5997 crores during the period ended June 30, 2023 as compared to Rs.1.1949 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.0.4107 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.-1.0913 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.0.27 for the period ended June 30, 2023 as compared to Rs.-0.95 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 1.5997 crs	₹1.1949 crs	33.88%
Net Profit	₹0.4107 crs	₹-1.0913 crs	137.63%
EPS	₹0.27	₹-0.95	128.42%

Shares of VEER ENERGY & INFRASTRUCTURE LTD. was last trading in BSE at Rs. 12.54 as compared to the previous close of Rs. 12.40. The total number of shares traded during the day was 32646 in over 99 trades.

The stock hit an intraday high of Rs. 12.70 and intraday low of 12.15. The net turnover during the day was Rs. 403774.00.

Source : Equity Bulls

Keywords

VeerEnergyandInfrastructure Q1FY24 ResultUpdate