Stock Report

Garg Furnace Ltd Q2 FY2024 net profit at Rs. 51.30 lakhs



Posted On : 2023-11-15 15:42:43( TIMEZONE : IST )

Garg Furnace Ltd Q2 FY2024 net profit at Rs. 51.30 lakhs

GARG FURNACE 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. 59.9055 crores during the period ended September 30, 2023 as compared to Rs. 61.7846 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. 0.5130 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. 0.5117 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. 1.28 for the period ended September 30, 2023 as compared to Rs. 1.28 for the period ended June 30, 2023.

Financials Q2 FY2024 Q1 FY2024 % Change
Total Income ₹ 59.9055 crs ₹61.7846 crs Up Tick / Down Tick-3.04%
Net Profit ₹0.5130 crs ₹0.5117 crs Up Tick / Down Tick0.25%
EPS ₹1.28 ₹1.28 Up Tick / Down Tick0.00%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs. 59.9055 crores during the period ended September 30, 2023 as compared to Rs.60.7981 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.0.5130 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.1.1828 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.1.28 for the period ended September 30, 2023 as compared to Rs.2.95 for the period ended September 30, 2022.

Financials Q2 FY2024 Q2 FY2023 % Change
Total Income ₹ 59.9055 crs ₹60.7981 crs Up Tick / Down Tick-1.47%
Net Profit ₹0.5130 crs ₹1.1828 crs Up Tick / Down Tick-56.63%
EPS ₹1.28 ₹2.95 Up Tick / Down Tick-56.61%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.121.6901 crores during the 6 Months period ended September 30, 2023 as compared to Rs.122.6207 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.1.0247 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.1.5576 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.2.56 for the 6 Months period ended September 30, 2023 as compared to Rs.3.89 for the 6 Months period ended September 30, 2022.

Financials Half Year Ended FY2024 Half Year Ended FY2023 % Change
Total Income ₹121.6901 crs ₹122.6207 crs Up Tick / Down Tick-0.76%
Net Profit ₹1.0247 crs ₹1.5576 crs Up Tick / Down Tick-34.21%
EPS ₹2.56 ₹3.89 Up Tick / Down Tick-34.19%

Shares of GARG FURNACE LTD. was last trading in BSE at Rs. 164.35 as compared to the previous close of Rs. 157.20. The total number of shares traded during the day was 3464 in over 50 trades.

The stock hit an intraday high of Rs. 164.75 and intraday low of 160.00. The net turnover during the day was Rs. 566137.00.

Source : Equity Bulls

Keywords

GargFurnace Q2FY24 H1FY24 ResultUpdate