Gravity India Ltd Q2 FY2024 loss at Rs. 18.49 lakhs

GRAVITY (INDIA) 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. 0.8854 crores during the period ended September 30, 2023 as compared to Rs. 0.7358 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. -0.1849 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. -0.2959 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. -0.21 for the period ended September 30, 2023 as compared to Rs. -0.33 for the period ended June 30, 2023.

Financials	Q2 FY2024	Q1 FY2024	% Change
Total Income	₹0.8854 crs	₹0.7358 crs	20.33%
Net Profit	₹-0.1849 crs	₹-0.2959 crs	37.51%
EPS	₹-0.21	₹-0.33	36.36%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs.0.8854 crores during the period ended September 30, 2023 as compared to Rs.2.2488 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.-0.1849 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.-0.05 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.-0.21 for the period ended September 30, 2023 as compared to Rs.-0.06 for the period ended September 30, 2022.

Financials	Q2 FY2024	Q2 FY2023	% Change
Total Income	₹0.8854 crs	₹2.2488 crs	-60.63%
Net Profit	₹-0.1849 crs	₹-0.05 crs	269.80%
EPS	₹-0.21	₹-0.06	250.00%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.1.6212 crores during the 6 Months period ended September 30, 2023 as compared to Rs.4.7044 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.-0.4808 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.-0.4065 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.-0.53 for the 6 Months period ended September 30, 2023 as compared to Rs.-0.45 for the 6 Months period ended September 30, 2022.

Financials	Half Year Ended FY2024	Half Year Ended FY2023	% Change
Total Income	₹1.6212 crs	₹4.7044 crs	-65.54%
Net Profit	₹-0.4808 crs	₹-0.4065 crs	18.28%
EPS	₹-0.53	₹-0.45	17.78%

Shares of GRAVITY (INDIA) LTD. was last trading in BSE at Rs. 3.76 as compared to the previous close of Rs. 3.80. The total number of shares traded during the day was 15267 in over 18 trades.

The stock hit an intraday high of Rs. 3.81 and intraday low of 3.76. The net turnover during the day was Rs. 58062.00.

Source : Equity Bulls

Keywords

GravityIndia Q2FY24 H1FY24 ResultUpdate