NINtec Systems Ltd Q1 FY2023-24 net profit rises to Rs. 2.68 crore

NINtec Systems 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. 13.3222 crores during the period ended June 30, 2023 as compared to Rs. 11.7317 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 2.6889 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 1.9222 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 2.61 for the period ended June 30, 2023 as compared to Rs. 1.86 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 13.3222 crs	₹11.7317 crs	13.56%
Net Profit	₹2.6889 crs	₹1.9222 crs	39.89%
EPS	₹2.61	₹1.86	40.32%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 13.3222 crores during the period ended June 30, 2023 as compared to Rs.6.6040 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.2.6889 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.1.2182 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.2.61 for the period ended June 30, 2023 as compared to Rs.1.18 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 13.3222 crs	₹6.6040 crs	101.73%
Net Profit	₹2.6889 crs	₹1.2182 crs	120.73%
EPS	₹2.61	₹1.18	121.19%

Shares of NINtec Systems Ltd was last trading in BSE at Rs. 393.40 as compared to the previous close of Rs. 395.10. The total number of shares traded during the day was 750 in over 85 trades.

The stock hit an intraday high of Rs. 399.00 and intraday low of 376.00. The net turnover during the day was Rs. 290193.00.

Source : Equity Bulls

Keywords

NINtecSystems Q1FY24 ResultUpdate