Shree Rama Newsprint Ltd Q2 FY24 loss at Rs. 12.51 crores

Shree Rama Newsprint 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. 9.4578 crores during the period ended September 30, 2023 as compared to Rs. 11.7034 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. -12.5153 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. -10.6157 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. -0.85 for the period ended September 30, 2023 as compared to Rs. -0.72 for the period ended June 30, 2023.

Financials	Q2 FY2024	Q1 FY2024	% Change
Total Income	₹ 9.4578 crs	₹11.7034 crs	-19.19%
Net Profit	₹-12.5153 crs	₹-10.6157 crs	17.89%
EPS	₹-0.85	₹-0.72	18.06%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs. 9.4578 crores during the period ended September 30, 2023 as compared to Rs.8.9282 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.-12.5153 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.-8.8619 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.-0.85 for the period ended September 30, 2023 as compared to Rs.-0.60 for the period ended September 30, 2022.

Financials	Q2 FY2024	Q2 FY2023	% Change
Total Income	₹ 9.4578 crs	₹8.9282 crs	5.93%
Net Profit	₹-12.5153 crs	₹-8.8619 crs	41.23%
EPS	₹-0.85	₹-0.60	41.67%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.21.1612 crores during the 6 Months period ended September 30, 2023 as compared to Rs.20.1772 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.-23.1310 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.-10.8173 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.-1.57 for the 6 Months period ended September 30, 2023 as compared to Rs.-0.73 for the 6 Months period ended September 30, 2022.

Financials	Half Year Ended FY2024	Half Year Ended FY2023	% Change
Total Income	₹21.1612 crs	₹20.1772 crs	4.88%
Net Profit	₹-23.1310 crs	₹-10.8173 crs	113.83%
EPS	₹-1.57	₹-0.73	115.07%

Shares of Shree Rama Newsprint Limited was last trading in BSE at Rs. 14.00 as compared to the previous close of Rs. 14.04. The total number of shares traded during the day was 26944 in over 135 trades.

The stock hit an intraday high of Rs. 14.39 and intraday low of 14.00. The net turnover during the day was Rs. 380900.00.

Source : Equity Bulls

Keywords

ShreeRamaNewsprint Q2FY24 H1FY24 ResultUpdate