Stock Report

Safari Industries India Ltd Q2 FY24 consolidated net profit slips QoQ to Rs. 39.76 crores

Posted On : 2023-11-01 20:08:29( TIMEZONE : IST )

Safari Industries (India) 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. 372.90 crores during the period ended September 30, 2023 as compared to Rs. 428.96 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. 39.76 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. 49.94 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. 16.64 for the period ended September 30, 2023 as compared to Rs. 20.91 for the period ended June 30, 2023.

Financials	Q2 FY2024	Q1 FY2024	% Change
Total Income	₹ 372.90 crs	₹428.96 crs	-13.07%
Net Profit	₹39.76 crs	₹49.94 crs	-20.38%
EPS	₹16.64	₹20.91	-20.42%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs. 372.90 crores during the period ended September 30, 2023 as compared to Rs.316.09 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.39.76 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.25.94 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.16.64 for the period ended September 30, 2023 as compared to Rs.11.08 for the period ended September 30, 2022.

Financials	Q2 FY2024	Q2 FY2023	% Change
Total Income	₹ 372.90 crs	₹316.09 crs	17.97%
Net Profit	₹39.76 crs	₹25.94 crs	53.28%
EPS	₹16.64	₹11.08	50.18%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.801.86 crores during the 6 Months period ended September 30, 2023 as compared to Rs.610.86 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.89.70 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.52.53 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.37.56 for the 6 Months period ended September 30, 2023 as compared to Rs.22.64 for the 6 Months period ended September 30, 2022.

Financials	Half Year Ended FY2024	Half Year Ended FY2023	% Change
Total Income	₹801.86 crs	₹610.86 crs	31.27%
Net Profit	₹89.70 crs	₹52.53 crs	70.76%
EPS	₹37.56	₹22.64	65.90%

Shares of Safari Industries (India) Limited was last trading in BSE at Rs. 4229.50 as compared to the previous close of Rs. 4140.15. The total number of shares traded during the day was 20547 in over 3806 trades.

The stock hit an intraday high of Rs. 4350.00 and intraday low of 4051.00. The net turnover during the day was Rs. 86677478.00.