Continental Petroleums Ltd Q1FY24 net profit declines to Rs. 33.02 lakhs

CONTINENTAL PETROLEUMS 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. 13.1405 crores during the period ended June 30, 2023 as compared to Rs. 27.3936 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 0.3302 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 1.7684 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 0.59 for the period ended June 30, 2023 as compared to Rs. 3.59 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 13.1405 crs	₹27.3936 crs	-52.03%
Net Profit	₹0.3302 crs	₹1.7684 crs	-81.33%
EPS	₹0.59	₹3.59	-83.57%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 13.1405 crores during the period ended June 30, 2023 as compared to Rs.31.6595 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.0.3302 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.1.1423 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.0.59 for the period ended June 30, 2023 as compared to Rs.2.05 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 13.1405 crs	₹31.6595 crs	-58.49%
Net Profit	₹0.3302 crs	₹1.1423 crs	-71.09%
EPS	₹0.59	₹2.05	-71.22%

Shares of CONTINENTAL PETROLEUMS LTD. was last trading in BSE at Rs. 54.80 as compared to the previous close of Rs. 55.25. The total number of shares traded during the day was 1838 in over 27 trades.

The stock hit an intraday high of Rs. 56.50 and intraday low of 53.62. The net turnover during the day was Rs. 99900.00.

Source : Equity Bulls

Keywords

ContinentalPetroleums Q1FY24 ResultUpdate