Starcom Information Technology Ltd Q2 FY2023-24 loss reduces to Rs. 94.72 lakhs

Starcom Information Technology 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. 0.6022 crores during the period ended September 30, 2023 as compared to Rs. 0.6732 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. -0.9472 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. -1.1728 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. -1.89 for the period ended September 30, 2023 as compared to Rs. -2.35 for the period ended June 30, 2023.

Financials	Q2 FY2024	Q1 FY2024	% Change
Total Income	₹ 0.6022 crs	₹0.6732 crs	-10.55%
Net Profit	₹-0.9472 crs	₹-1.1728 crs	19.24%
EPS	₹-1.89	₹-2.35	19.57%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs. 0.6022 crores during the period ended September 30, 2023 as compared to Rs.0.5836 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.-0.9472 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.-1.2120 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.-1.89 for the period ended September 30, 2023 as compared to Rs.-2.42 for the period ended September 30, 2022.

Financials	Q2 FY2024	Q2 FY2023	% Change
Total Income	₹ 0.6022 crs	₹0.5836 crs	3.19%
Net Profit	₹-0.9472 crs	₹-1.2120 crs	21.85%
EPS	₹-1.89	₹-2.42	21.90%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.1.2754 crores during the 6 Months period ended September 30, 2023 as compared to Rs.1.0447 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.-2.12 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.-2.5232 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.-4.24 for the 6 Months period ended September 30, 2023 as compared to Rs.-5.05 for the 6 Months period ended September 30, 2022.

Financials	Half Year Ended FY2024	Half Year Ended FY2023	% Change
Total Income	₹1.2754 crs	₹1.0447 crs	22.08%
Net Profit	₹-2.12 crs	₹-2.5232 crs	15.98%
EPS	₹-4.24	₹-5.05	16.04%

Shares of Starcom Information Technology Ltd was last trading in BSE at Rs. 78.80 as compared to the previous close of Rs. 75.05. The total number of shares traded during the day was 732 in over 10 trades.

The stock hit an intraday high of Rs. 78.80 and intraday low of 78.80. The net turnover during the day was Rs. 57681.00.

Source : Equity Bulls

Keywords

StarcomInformationTechnology Q2FY24 H1FY24 ResultUpdate