Spectrum Foods Ltd Q2 FY2024 net profit up at Rs. 3.30 crore

SPECTRUM FOODS LTD. has reported Standalone financial results for the period ended September 30, 2023.

Financial Results (Q2 FY2024) - QoQ Comparison

The company has reported total income of Rs. 5.0663 crores during the period ended September 30, 2023 as compared to Rs. 5.3467 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. 3.3009 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. 2.4697 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. 6.808 for the period ended September 30, 2023 as compared to Rs. 5.094 for the period ended June 30, 2023.

Financials	Q2 FY2024	Q1 FY2024	% Change
Total Income	₹ 5.0663 crs	₹5.3467 crs	-5.24%
Net Profit	₹3.3009 crs	₹2.4697 crs	33.66%
EPS	₹6.808	₹5.094	33.65%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs. 5.0663 crores during the period ended September 30, 2023 as compared to Rs.3.4082 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.3.3009 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.2.0464 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.6.808 for the period ended September 30, 2023 as compared to Rs.4.221 for the period ended September 30, 2022.

Financials	Q2 FY2024	Q2 FY2023	% Change
Total Income	₹ 5.0663 crs	₹3.4082 crs	48.65%
Net Profit	₹3.3009 crs	₹2.0464 crs	61.30%
EPS	₹6.808	₹4.221	61.29%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.10.4130 crores during the 6 Months period ended September 30, 2023 as compared to Rs.7.5108 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.5.7706 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.3.8987 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.11.902 for the 6 Months period ended September 30, 2023 as compared to Rs.8.041 for the 6 Months period ended September 30, 2022.

Financials	Half Year Ended FY2024	Half Year Ended FY2023	% Change
Total Income	₹10.4130 crs	₹7.5108 crs	38.64%
Net Profit	₹5.7706 crs	₹3.8987 crs	48.01%
EPS	₹11.902	₹8.041	48.02%

Shares of SPECTRUM FOODS LTD. was last trading in BSE at Rs. 67.03 as compared to the previous close of Rs. 65.18. The total number of shares traded during the day was 9012 in over 86 trades.

The stock hit an intraday high of Rs. 70.00 and intraday low of 63.01. The net turnover during the day was Rs. 598622.00.

Source : Equity Bulls

Keywords

SpectrumFoods Q2FY24 H1FY24 ResultUpdate