Netweb Technologies India Ltd Q2 FY2023-24 PAT higher at Rs. 15.14 crores

Netweb Technologies India Limited 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. 148.002 crores during the period ended September 30, 2023 as compared to Rs. 60.219 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. 15.141 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. 5.091 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. 2.70 for the period ended September 30, 2023 as compared to Rs. 0.99 for the period ended June 30, 2023.

Financials	Q2 FY2024	Q1 FY2024	% Change
Total Income	₹148.002 crs	₹60.219 crs	145.77%
Net Profit	₹15.141 crs	₹5.091 crs	197.41%
EPS	₹2.70	₹0.99	172.73%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs.148.002 crores during the period ended September 30, 2023 as compared to Rs.73.871 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.15.141 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.9.127 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.2.70 for the period ended September 30, 2023 as compared to Rs.1.79 for the period ended September 30, 2022.

Financials	Q2 FY2024	Q2 FY2023	% Change
Total Income	₹148.002 crs	₹73.871 crs	100.35%
Net Profit	₹15.141 crs	₹9.127 crs	65.89%
EPS	₹2.70	₹1.79	50.84%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.208.221 crores during the 6 Months period ended September 30, 2023 as compared to Rs.143.277 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.20.232 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.14.732 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.3.69 for the 6 Months period ended September 30, 2023 as compared to Rs.2.89 for the 6 Months period ended September 30, 2022.

Financials	Half Year Ended FY2024	Half Year Ended FY2023	% Change
Total Income	₹208.221 crs	₹143.277 crs	45.33%
Net Profit	₹20.232 crs	₹14.732 crs	37.33%
EPS	₹3.69	₹2.89	27.68%

Shares of Netweb Technologies India Limited was last trading in BSE at Rs. 757.65 as compared to the previous close of Rs. 749.45. The total number of shares traded during the day was 11146 in over 1262 trades.

The stock hit an intraday high of Rs. 764.85 and intraday low of 750.85. The net turnover during the day was Rs. 8456946.00.

Source : Equity Bulls

Keywords

NetwebTechnologiesIndia Q2FY24 H1FY24 ResultUpdate