Stock Report

Axtel Industries Ltd Q2 FY2023-24 net profit surges to Rs. 11.92 crores



Posted On : 2023-11-01 20:32:23( TIMEZONE : IST )

Axtel Industries Ltd Q2 FY2023-24 net profit surges to Rs. 11.92 crores

AXTEL INDUSTRIES 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. 70.5583 crores during the period ended September 30, 2023 as compared to Rs. 48.6605 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. 11.9206 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. 5.3211 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. 7.38 for the period ended September 30, 2023 as compared to Rs. 3.29 for the period ended June 30, 2023.

Financials Q2 FY2024 Q1 FY2024 % Change
Total Income ₹ 70.5583 crs ₹48.6605 crs Up Tick / Down Tick45.00%
Net Profit ₹11.9206 crs ₹5.3211 crs Up Tick / Down Tick124.03%
EPS ₹7.38 ₹3.29 Up Tick / Down Tick124.32%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs. 70.5583 crores during the period ended September 30, 2023 as compared to Rs.42.5894 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.11.9206 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.4.6735 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.7.38 for the period ended September 30, 2023 as compared to Rs.2.89 for the period ended September 30, 2022.

Financials Q2 FY2024 Q2 FY2023 % Change
Total Income ₹ 70.5583 crs ₹42.5894 crs Up Tick / Down Tick65.67%
Net Profit ₹11.9206 crs ₹4.6735 crs Up Tick / Down Tick155.07%
EPS ₹7.38 ₹2.89 Up Tick / Down Tick155.36%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.119.2188 crores during the 6 Months period ended September 30, 2023 as compared to Rs.73.4916 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.17.2418 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.4.0078 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.10.67 for the 6 Months period ended September 30, 2023 as compared to Rs.2.48 for the 6 Months period ended September 30, 2022.

Financials Half Year Ended FY2024 Half Year Ended FY2023 % Change
Total Income ₹119.2188 crs ₹73.4916 crs Up Tick / Down Tick62.22%
Net Profit ₹17.2418 crs ₹4.0078 crs Up Tick / Down Tick330.21%
EPS ₹10.67 ₹2.48 Up Tick / Down Tick330.24%

Shares of AXTEL INDUSTRIES LTD. was last trading in BSE at Rs. 646.10 as compared to the previous close of Rs. 547.35. The total number of shares traded during the day was 222056 in over 1782 trades.

The stock hit an intraday high of Rs. 656.80 and intraday low of 537.00. The net turnover during the day was Rs. 141964735.00.

Source : Equity Bulls

Keywords

AxtelIndustries Q2FY24 H1FY24 ResultUpdate