Stock Report

Archean Chemical Industries Ltd Q2 FY24 consolidated net profit drops to Rs. 66 crores



Posted On : 2023-10-31 22:32:28( TIMEZONE : IST )

Archean Chemical Industries Ltd Q2 FY24 consolidated net profit drops to Rs. 66 crores

Archean Chemical Industries 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. 301.6565 crores during the period ended September 30, 2023 as compared to Rs. 354.0233 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. 66.0006 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. 93.8562 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. 5.34 for the period ended September 30, 2023 as compared to Rs. 7.60 for the period ended June 30, 2023.

Financials Q2 FY2024 Q1 FY2024 % Change
Total Income ₹ 301.6565 crs ₹354.0233 crs Up Tick / Down Tick-14.79%
Net Profit ₹66.0006 crs ₹93.8562 crs Up Tick / Down Tick-29.68%
EPS ₹5.34 ₹7.60 Up Tick / Down Tick-29.74%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs. 301.6565 crores during the period ended September 30, 2023 as compared to Rs.312.4126 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.66.0006 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.63.5903 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.5.34 for the period ended September 30, 2023 as compared to Rs.6.16 for the period ended September 30, 2022.

Financials Q2 FY2024 Q2 FY2023 % Change
Total Income ₹ 301.6565 crs ₹312.4126 crs Up Tick / Down Tick-3.44%
Net Profit ₹66.0006 crs ₹63.5903 crs Up Tick / Down Tick3.79%
EPS ₹5.34 ₹6.16 Up Tick / Down Tick-13.31%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.655.6798 crores during the 6 Months period ended September 30, 2023 as compared to Rs.721.2345 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.159.8568 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.147.9890 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.12.94 for the 6 Months period ended September 30, 2023 as compared to Rs.14.33 for the 6 Months period ended September 30, 2022.

Financials Half Year Ended FY2024 Half Year Ended FY2023 % Change
Total Income ₹655.6798 crs ₹721.2345 crs Up Tick / Down Tick-9.09%
Net Profit ₹159.8568 crs ₹147.9890 crs Up Tick / Down Tick8.02%
EPS ₹12.94 ₹14.33 Up Tick / Down Tick-9.70%

Shares of Archean Chemical Industries Limited was last trading in BSE at Rs. 572.85 as compared to the previous close of Rs. 595.35. The total number of shares traded during the day was 37133 in over 2616 trades.

The stock hit an intraday high of Rs. 599.65 and intraday low of 570.10. The net turnover during the day was Rs. 21573478.00.

Source : Equity Bulls

Keywords

ArcheanChemicalIndustries Q2FY24 H1FY24 ResultUpdate