Bharat Wire Ropes Ltd consolidated Q3FY24 PAT higher at Rs. 26.34 crores

Bharat Wire Ropes Limited has reported Consolidated financial results for the period ended December 31, 2023.

Financial Results (Q3 FY2024) - QoQ Comparison

The company has reported total income of Rs. 157.3744 crores during the period ended December 31, 2023 as compared to Rs. 159.3605 crores during the period ended September 30, 2023.

The company has posted net profit / (loss) of Rs. 26.3467 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs. 24.4119 crores for the period ended September 30, 2023.

The company has reported EPS of Rs. 3.88 for the period ended December 31, 2023 as compared to Rs. 3.60 for the period ended September 30, 2023.

Financials	Q3 FY2024	Q2 FY2024	% Change
Total Income	₹ 157.3744 crs	₹159.3605 crs	-1.25%
Net Profit	₹26.3467 crs	₹24.4119 crs	7.93%
EPS	₹3.88	₹3.60	7.78%

Financial Results (Q3 FY2024) - YoY Comparison

The company has reported total income of Rs. 157.3744 crores during the period ended December 31, 2023 as compared to Rs.144.5632 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.26.3467 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs.18.8939 crores for the period ended December 31, 2022.

The company has reported EPS of Rs.3.88 for the period ended December 31, 2023 as compared to Rs.2.95 for the period ended December 31, 2022.

Financials	Q3 FY2024	Q3 FY2023	% Change
Total Income	₹ 157.3744 crs	₹144.5632 crs	8.86%
Net Profit	₹26.3467 crs	₹18.8939 crs	39.45%
EPS	₹3.88	₹2.95	31.53%

Financial Results (9 Months Ended FY2024) - YoY Comparison

The company has reported total income of Rs.475.2856 crores during the 9 Months period ended December 31, 2023 as compared to Rs.427.2466 crores during the 9 Months period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.74.5171 crores for the 9 Months period ended December 31, 2023 as against net profit / (loss) of Rs.46.2917 crores for the 9 Months period ended December 31, 2022.

The company has reported EPS of Rs.10.97 for the 9 Months period ended December 31, 2023 as compared to Rs.7.22 for the 9 Months period ended December 31, 2022.

Financials	9 Months Ended FY2024	9 Months Ended FY2023	% Change
Total Income	₹475.2856 crs	₹427.2466 crs	11.24%
Net Profit	₹74.5171 crs	₹46.2917 crs	60.97%
EPS	₹10.97	₹7.22	51.94%

Shares of Bharat Wire Ropes Limited was last trading in BSE at Rs. 377.50 as compared to the previous close of Rs. 379.30. The total number of shares traded during the day was 16644 in over 247 trades.

The stock hit an intraday high of Rs. 394.80 and intraday low of 370.00. The net turnover during the day was Rs. 6285060.00.

Source : Equity Bulls

Keywords

BharatWireRopes Q3FY24 9MFY24 ResultUpdate