Stock Report

Morepen Laboratories Ltd consolidated Q2 FY2023-24 net profit increases to Rs. 21.25 crores



Posted On : 2023-11-02 23:26:45( TIMEZONE : IST )

Morepen Laboratories Ltd consolidated Q2 FY2023-24 net profit increases to Rs. 21.25 crores

Morepen Laboratories 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. 425.0058 crores during the period ended September 30, 2023 as compared to Rs. 403.4561 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. 21.2558 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. 14.6329 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. 0.42 for the period ended September 30, 2023 as compared to Rs. 0.29 for the period ended June 30, 2023.

Financials Q2 FY2024 Q1 FY2024 % Change
Total Income ₹ 425.0058 crs ₹403.4561 crs Up Tick / Down Tick5.34%
Net Profit ₹21.2558 crs ₹14.6329 crs Up Tick / Down Tick45.26%
EPS ₹0.42 ₹0.29 Up Tick / Down Tick44.83%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs. 425.0058 crores during the period ended September 30, 2023 as compared to Rs.403.8524 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.21.2558 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.15.8109 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.0.42 for the period ended September 30, 2023 as compared to Rs.0.33 for the period ended September 30, 2022.

Financials Q2 FY2024 Q2 FY2023 % Change
Total Income ₹ 425.0058 crs ₹403.8524 crs Up Tick / Down Tick5.24%
Net Profit ₹21.2558 crs ₹15.8109 crs Up Tick / Down Tick34.44%
EPS ₹0.42 ₹0.33 Up Tick / Down Tick27.27%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.828.4619 crores during the 6 Months period ended September 30, 2023 as compared to Rs.707.1673 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.35.8887 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.21.4408 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.0.71 for the 6 Months period ended September 30, 2023 as compared to Rs.0.43 for the 6 Months period ended September 30, 2022.

Financials Half Year Ended FY2024 Half Year Ended FY2023 % Change
Total Income ₹828.4619 crs ₹707.1673 crs Up Tick / Down Tick17.15%
Net Profit ₹35.8887 crs ₹21.4408 crs Up Tick / Down Tick67.39%
EPS ₹0.71 ₹0.43 Up Tick / Down Tick65.12%

Shares of Morepen Laboratories Limited was last trading in BSE at Rs. 35.44 as compared to the previous close of Rs. 33.64. The total number of shares traded during the day was 400025 in over 1918 trades.

The stock hit an intraday high of Rs. 37.14 and intraday low of 33.75. The net turnover during the day was Rs. 14125201.00.

Source : Equity Bulls

Keywords

MorepenLaboratories Q2FY24 H1FY24 ResultUpdate