Jtekt India Ltd Q2 FY2024 consolidated net profit up QoQ at Rs. 27.02 crores

Jtekt 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. 586.0702 crores during the period ended September 30, 2023 as compared to Rs. 481.0903 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. 27.0212 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. 17.05 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. 1.11 for the period ended September 30, 2023 as compared to Rs. 0.70 for the period ended June 30, 2023.

Financials	Q2 FY2024	Q1 FY2024	% Change
Total Income	₹ 586.0702 crs	₹481.0903 crs	21.82%
Net Profit	₹27.0212 crs	₹17.05 crs	58.48%
EPS	₹1.11	₹0.70	58.57%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs. 586.0702 crores during the period ended September 30, 2023 as compared to Rs.573.0990 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.27.0212 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.27.7741 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.1.11 for the period ended September 30, 2023 as compared to Rs.1.14 for the period ended September 30, 2022.

Financials	Q2 FY2024	Q2 FY2023	% Change
Total Income	₹ 586.0702 crs	₹573.0990 crs	2.26%
Net Profit	₹27.0212 crs	₹27.7741 crs	-2.71%
EPS	₹1.11	₹1.14	-2.63%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.1067.1605 crores during the 6 Months period ended September 30, 2023 as compared to Rs.1047.5465 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.44.0712 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.41.9115 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.1.80 for the 6 Months period ended September 30, 2023 as compared to Rs.1.71 for the 6 Months period ended September 30, 2022.

Financials	Half Year Ended FY2024	Half Year Ended FY2023	% Change
Total Income	₹1067.1605 crs	₹1047.5465 crs	1.87%
Net Profit	₹44.0712 crs	₹41.9115 crs	5.15%
EPS	₹1.80	₹1.71	5.26%

Shares of Jtekt India Limited was last trading in BSE at Rs. 138.30 as compared to the previous close of Rs. 138.15. The total number of shares traded during the day was 2715 in over 107 trades.

The stock hit an intraday high of Rs. 138.50 and intraday low of 136.75. The net turnover during the day was Rs. 374390.00.

Source : Equity Bulls

Keywords

JtektIndia Q2FY24 H1FY24 ResultUpdate