Subhash Silk Mills Ltd posts lower net profit of Rs. 16.38 lakhs in Q2 FY2024

SUBHASH SILK MILLS 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. 0.6667 crores during the period ended September 30, 2023 as compared to Rs. 0.9955 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. 0.1638 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. 0.3312 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. 0.39 for the period ended September 30, 2023 as compared to Rs. 0.78 for the period ended June 30, 2023.

Financials	Q2 FY2024	Q1 FY2024	% Change
Total Income	₹ 0.6667 crs	₹0.9955 crs	-33.03%
Net Profit	₹0.1638 crs	₹0.3312 crs	-50.54%
EPS	₹0.39	₹0.78	-50.00%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs. 0.6667 crores during the period ended September 30, 2023 as compared to Rs.0.7634 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.0.1638 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.0.2780 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.0.39 for the period ended September 30, 2023 as compared to Rs.0.66 for the period ended September 30, 2022.

Financials	Q2 FY2024	Q2 FY2023	% Change
Total Income	₹ 0.6667 crs	₹0.7634 crs	-12.67%
Net Profit	₹0.1638 crs	₹0.2780 crs	-41.08%
EPS	₹0.39	₹0.66	-40.91%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.1.6622 crores during the 6 Months period ended September 30, 2023 as compared to Rs.1.3852 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.0.5452 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.0.3042 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.1.29 for the 6 Months period ended September 30, 2023 as compared to Rs.0.72 for the 6 Months period ended September 30, 2022.

Financials	Half Year Ended FY2024	Half Year Ended FY2023	% Change
Total Income	₹1.6622 crs	₹1.3852 crs	20.00%
Net Profit	₹0.5452 crs	₹0.3042 crs	79.22%
EPS	₹1.29	₹0.72	79.17%

Shares of SUBHASH SILK MILLS LTD. was last trading in BSE at Rs. 28.94 as compared to the previous close of Rs. 29.53. The total number of shares traded during the day was 45 in over 3 trades.

The stock hit an intraday high of Rs. 28.94 and intraday low of 28.94. The net turnover during the day was Rs. 1302.00.

Source : Equity Bulls

Keywords

SubhashSilkMills Q2FY24 H1FY24 ResultUpdate