High Energy Batteries India Ltd Q2 FY2023-24 net profit falls to Rs. 3.26 crore

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. 18.3105 crores during the period ended September 30, 2023 as compared to Rs. 24.0665 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. 3.2618 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. 5.9479 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. 3.64 for the period ended September 30, 2023 as compared to Rs. 6.64 for the period ended June 30, 2023.

Financials	Q2 FY2024	Q1 FY2024	% Change
Total Income	₹ 18.3105 crs	₹24.0665 crs	-23.92%
Net Profit	₹3.2618 crs	₹5.9479 crs	-45.16%
EPS	₹3.64	₹6.64	-45.18%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs. 18.3105 crores during the period ended September 30, 2023 as compared to Rs.20.2437 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.3.2618 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.3.8473 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.3.64 for the period ended September 30, 2023 as compared to Rs.4.29 for the period ended September 30, 2022.

Financials	Q2 FY2024	Q2 FY2023	% Change
Total Income	₹ 18.3105 crs	₹20.2437 crs	-9.55%
Net Profit	₹3.2618 crs	₹3.8473 crs	-15.22%
EPS	₹3.64	₹4.29	-15.15%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.42.3770 crores during the 6 Months period ended September 30, 2023 as compared to Rs.34.9393 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.9.2097 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.6.31 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.10.27 for the 6 Months period ended September 30, 2023 as compared to Rs.7.04 for the 6 Months period ended September 30, 2022.

Financials	Half Year Ended FY2024	Half Year Ended FY2023	% Change
Total Income	₹42.3770 crs	₹34.9393 crs	21.29%
Net Profit	₹9.2097 crs	₹6.31 crs	45.95%
EPS	₹10.27	₹7.04	45.88%

Source : Equity Bulls

Keywords

HighEnergyBatteriesIndia Q2FY24 H1FY24 ResultUpdate