Add-Shop E-Retail Limited Q2FY24 report

Add-Shop E-Retail Limited, is one of the leading Company in Organic Farming had announced the results for H1FY24.

Company has shown outstanding performance in H1FY24 revenue from Operations stood at ₹876.8 million. Subsequently, Profit before Tax stood at ₹101.7 million. The Company recorded the quarterly Profit after Tax of ₹76.1 million. Annualised EPS of the company is ₹5.38.

Q2FY24 recorded the quarterly performance to date in terms of Revenue from Operations and Profit after Tax. Revenue from Operations stood at ₹403.6 million in Q2FY24. Subsequently, Profit before Tax stood at ₹31.3 million in Q2FY24. The Company recorded the quarterly Profit after Tax of ₹23.4 million.

We're thrilled to share the joy of our 8th anniversary celebration in Karnataka, which was a tremendous success. During this event, we facilitated farmers for their outstanding work and contribution in organic farming. We proudly launched our few products in convenient packaging and sachets, making them more accessible to everyone. We also launched few new products which will contribute to grow our business more in urban area.

Commenting on the half yearly results of the company, Mr Dinesh Pandya managing director, Add-Shop E-retail Ltd. said we're excited to announce the addition of new members to our Board of Directors. Their wealth of expertise and experience is anticipated to contribute significantly to the enhancement of our company. We have also taken few decisions for the future betterment of the company and as a proactive measure, we've been stringent in monitoring and controlling credit sales. This decision in long term will leave a great impact in growth of the company.

Shares of Add-Shop ERetail Ltd was last trading in BSE at Rs. 30.65 as compared to the previous close of Rs. 31.19. The total number of shares traded during the day was 172482 in over 1253 trades.

The stock hit an intraday high of Rs. 31.25 and intraday low of 30.45. The net turnover during the day was Rs. 5304795.00.

Source : Equity Bulls

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AddShopERetail INE01B501018 ResultUpdate