Mangalam Cement Ltd Q2 FY2024 net profit drops QOQ to Rs. 11.78 crore

Mangalam Cement 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. 436.3031 crores during the period ended September 30, 2023 as compared to Rs. 426.2273 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. 11.7896 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. 14.6944 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. 4.29 for the period ended September 30, 2023 as compared to Rs. 5.34 for the period ended June 30, 2023.

Financials	Q2 FY2024	Q1 FY2024	% Change
Total Income	₹ 436.3031 crs	₹426.2273 crs	2.36%
Net Profit	₹11.7896 crs	₹14.6944 crs	-19.77%
EPS	₹4.29	₹5.34	-19.66%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs. 436.3031 crores during the period ended September 30, 2023 as compared to Rs.408.3448 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.11.7896 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.-27.1175 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.4.29 for the period ended September 30, 2023 as compared to Rs.-9.86 for the period ended September 30, 2022.

Financials	Q2 FY2024	Q2 FY2023	% Change
Total Income	₹ 436.3031 crs	₹408.3448 crs	6.85%
Net Profit	₹11.7896 crs	₹-27.1175 crs	143.48%
EPS	₹4.29	₹-9.86	143.51%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.862.5304 crores during the 6 Months period ended September 30, 2023 as compared to Rs.926.5134 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.26.4840 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.0.9813 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.9.63 for the 6 Months period ended September 30, 2023 as compared to Rs.0.36 for the 6 Months period ended September 30, 2022.

Financials	Half Year Ended FY2024	Half Year Ended FY2023	% Change
Total Income	₹862.5304 crs	₹926.5134 crs	-6.91%
Net Profit	₹26.4840 crs	₹0.9813 crs	2,598.87%
EPS	₹9.63	₹0.36	2,575.00%

Shares of Mangalam Cement Limited was last trading in BSE at Rs. 408.40 as compared to the previous close of Rs. 409.05. The total number of shares traded during the day was 37821 in over 2015 trades.

The stock hit an intraday high of Rs. 423.10 and intraday low of 402.90. The net turnover during the day was Rs. 15599722.00.

Source : Equity Bulls

Keywords

MangalamCement Q2FY24 H1FY24 ResultUpdate