Frontline Corporation Ltd Q1FY24 net profit declines to Rs. 13.63 lakhs

FRONTLINE CORPORATION 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. 23.5748 crores during the period ended June 30, 2023 as compared to Rs. 22.7788 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 0.1363 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 0.6333 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. 1.27 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 23.5748 crs	₹22.7788 crs	3.49%
Net Profit	₹0.1363 crs	₹0.6333 crs	-78.48%
EPS	₹0.27	₹1.27	-78.74%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 23.5748 crores during the period ended June 30, 2023 as compared to Rs.21.7050 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.0.1363 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.0.4419 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.0.89 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 23.5748 crs	₹21.7050 crs	8.61%
Net Profit	₹0.1363 crs	₹0.4419 crs	-69.16%
EPS	₹0.27	₹0.89	-69.66%

Shares of FRONTLINE CORPORATION LTD. was last trading in BSE at Rs. 29.25 as compared to the previous close of Rs. 29.25. The total number of shares traded during the day was 31 in over 2 trades.

The stock hit an intraday high of Rs. 29.25 and intraday low of 29.25. The net turnover during the day was Rs. 906.00.

Source : Equity Bulls

Keywords

FrontlineCorporation Q1FY24 ResultUpdate