Stock Report

Vedant Fashions Ltd consolidated Q2 FY2023-24 PAT declines to Rs. 48.72 crores



Posted On : 2023-10-31 22:12:04( TIMEZONE : IST )

Vedant Fashions Ltd consolidated Q2 FY2023-24 PAT declines to Rs. 48.72 crores

Vedant Fashions 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. 233.414 crores during the period ended September 30, 2023 as compared to Rs. 326.60 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. 48.723 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. 91.945 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. 2.01 for the period ended September 30, 2023 as compared to Rs. 3.79 for the period ended June 30, 2023.

Financials Q2 FY2024 Q1 FY2024 % Change
Total Income ₹ 233.414 crs ₹326.60 crs Up Tick / Down Tick-28.53%
Net Profit ₹48.723 crs ₹91.945 crs Up Tick / Down Tick-47.01%
EPS ₹2.01 ₹3.79 Up Tick / Down Tick-46.97%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs. 233.414 crores during the period ended September 30, 2023 as compared to Rs.256.637 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.48.723 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.69.020 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.2.01 for the period ended September 30, 2023 as compared to Rs.2.84 for the period ended September 30, 2022.

Financials Q2 FY2024 Q2 FY2023 % Change
Total Income ₹ 233.414 crs ₹256.637 crs Up Tick / Down Tick-9.05%
Net Profit ₹48.723 crs ₹69.020 crs Up Tick / Down Tick-29.41%
EPS ₹2.01 ₹2.84 Up Tick / Down Tick-29.23%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.560.014 crores during the 6 Months period ended September 30, 2023 as compared to Rs.588.702 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.140.668 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.169.891 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.5.79 for the 6 Months period ended September 30, 2023 as compared to Rs.7 for the 6 Months period ended September 30, 2022.

Financials Half Year Ended FY2024 Half Year Ended FY2023 % Change
Total Income ₹560.014 crs ₹588.702 crs Up Tick / Down Tick-4.87%
Net Profit ₹140.668 crs ₹169.891 crs Up Tick / Down Tick-17.20%
EPS ₹5.79 ₹7 Up Tick / Down Tick-17.29%

Shares of Vedant Fashions Limited was last trading in BSE at Rs. 1292.15 as compared to the previous close of Rs. 1284.15. The total number of shares traded during the day was 5358 in over 860 trades.

The stock hit an intraday high of Rs. 1312.85 and intraday low of 1284.20. The net turnover during the day was Rs. 6950125.00.

Source : Equity Bulls

Keywords

VedantFashions Q2FY24 H1FY24 ResultUpdate