Mitshi India Ltd Q2 FY2024 PAT jumps to Rs. 60.44 lakhs

Mitshi India Ltd 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. 8.2804 crores during the period ended September 30, 2023 as compared to Rs. 5.5439 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. 0.6044 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. 0.3435 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. 0.69 for the period ended September 30, 2023 as compared to Rs. 0.39 for the period ended June 30, 2023.

Financials	Q2 FY2024	Q1 FY2024	% Change
Total Income	₹ 8.2804 crs	₹5.5439 crs	49.36%
Net Profit	₹0.6044 crs	₹0.3435 crs	75.95%
EPS	₹0.69	₹0.39	76.92%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs. 8.2804 crores during the period ended September 30, 2023 as compared to Rs.0.7067 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.0.6044 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.-0.0267 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.0.69 for the period ended September 30, 2023 as compared to Rs.-0.03 for the period ended September 30, 2022.

Financials	Q2 FY2024	Q2 FY2023	% Change
Total Income	₹ 8.2804 crs	₹0.7067 crs	1,071.70%
Net Profit	₹0.6044 crs	₹-0.0267 crs	2,363.67%
EPS	₹0.69	₹-0.03	2,400.00%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.13.8244 crores during the 6 Months period ended September 30, 2023 as compared to Rs.1.2598 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.0.9480 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.-0.0358 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.1.08 for the 6 Months period ended September 30, 2023 as compared to Rs.-0.04 for the 6 Months period ended September 30, 2022.

Financials	Half Year Ended FY2024	Half Year Ended FY2023	% Change
Total Income	₹13.8244 crs	₹1.2598 crs	997.35%
Net Profit	₹0.9480 crs	₹-0.0358 crs	2,748.04%
EPS	₹1.08	₹-0.04	2,800.00%

Shares of Mitshi India Ltd was last trading in BSE at Rs. 21.50 as compared to the previous close of Rs. 21.75. The total number of shares traded during the day was 20 in over 2 trades.

The stock hit an intraday high of Rs. 21.50 and intraday low of 21.50. The net turnover during the day was Rs. 430.00.

Source : Equity Bulls

Keywords

MitshiIndia Q2FY24 H1FY24 ResultUpdate