Omax Autos Ltd Q2 FY24 loss at Rs. 3.50 crore

Omax Autos 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. 79.4429 crores during the period ended September 30, 2023 as compared to Rs. 75.3597 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. -3.5033 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. -1.1588 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. -1.64 for the period ended September 30, 2023 as compared to Rs. -0.54 for the period ended June 30, 2023.

Financials	Q2 FY2024	Q1 FY2024	% Change
Total Income	₹79.4429 crs	₹75.3597 crs	5.42%
Net Profit	₹-3.5033 crs	₹-1.1588 crs	202.32%
EPS	₹-1.64	₹-0.54	203.70%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs.79.4429 crores during the period ended September 30, 2023 as compared to Rs.62.3185 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.-3.5033 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.-23.7484 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.-1.64 for the period ended September 30, 2023 as compared to Rs.-11.10 for the period ended September 30, 2022.

Financials	Q2 FY2024	Q2 FY2023	% Change
Total Income	₹79.4429 crs	₹62.3185 crs	27.48%
Net Profit	₹-3.5033 crs	₹-23.7484 crs	85.25%
EPS	₹-1.64	₹-11.10	85.23%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.154.8026 crores during the 6 Months period ended September 30, 2023 as compared to Rs.135.6688 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.-4.6621 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.-28.7049 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.-2.18 for the 6 Months period ended September 30, 2023 as compared to Rs.-13.42 for the 6 Months period ended September 30, 2022.

Financials	Half Year Ended FY2024	Half Year Ended FY2023	% Change
Total Income	₹154.8026 crs	₹135.6688 crs	14.10%
Net Profit	₹-4.6621 crs	₹-28.7049 crs	83.76%
EPS	₹-2.18	₹-13.42	83.76%

Shares of Omax Autos Limited was last trading in BSE at Rs. 59.30 as compared to the previous close of Rs. 57.94. The total number of shares traded during the day was 7875 in over 206 trades.

The stock hit an intraday high of Rs. 60.00 and intraday low of 56.40. The net turnover during the day was Rs. 454823.00.

Source : Equity Bulls

Keywords

OmaxAutos Q2FY24 H1FY24 ResultUpdate