Onward Technologies Ltd Q2 FY24 consolidated net profit at Rs. 9.56 crore

Onward Technologies Limited has reported Consolidated financial results for the period ended September 30, 2023.

Financial Results (Q2 FY2024) - QoQ Comparison

The company has reported total income of Rs. 121.6641 crores during the period ended September 30, 2023 as compared to Rs. 122.2646 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. 9.5698 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. 10.8807 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. 4.18 for the period ended September 30, 2023 as compared to Rs. 4.77 for the period ended June 30, 2023.

Financials	Q2 FY2024	Q1 FY2024	% Change
Total Income	₹121.6641 crs	₹122.2646 crs	-0.49%
Net Profit	₹9.5698 crs	₹10.8807 crs	-12.05%
EPS	₹4.18	₹4.77	-12.37%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs.121.6641 crores during the period ended September 30, 2023 as compared to Rs.111.1185 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.9.5698 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.0.5791 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.4.18 for the period ended September 30, 2023 as compared to Rs.0.25 for the period ended September 30, 2022.

Financials	Q2 FY2024	Q2 FY2023	% Change
Total Income	₹121.6641 crs	₹111.1185 crs	9.49%
Net Profit	₹9.5698 crs	₹0.5791 crs	1,552.53%
EPS	₹4.18	₹0.25	1,572.00%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.243.9287 crores during the 6 Months period ended September 30, 2023 as compared to Rs.206.8958 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.20.4505 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.1.7847 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.8.94 for the 6 Months period ended September 30, 2023 as compared to Rs.0.79 for the 6 Months period ended September 30, 2022.

Financials	Half Year Ended FY2024	Half Year Ended FY2023	% Change
Total Income	₹243.9287 crs	₹206.8958 crs	17.90%
Net Profit	₹20.4505 crs	₹1.7847 crs	1,045.88%
EPS	₹8.94	₹0.79	1,031.65%

Shares of Onward Technologies Limited was last trading in BSE at Rs. 592.85 as compared to the previous close of Rs. 576.45. The total number of shares traded during the day was 18063 in over 1589 trades.

The stock hit an intraday high of Rs. 621.55 and intraday low of 568.05. The net turnover during the day was Rs. 10810684.00.

Source : Equity Bulls

Keywords

OnwardTechnologies Q2FY24 H1FY24 ResultUpdate