TIPS Industries Ltd Q3 FY2023-24 net profit slips QoQ to Rs. 34.65 crores

has reported Standalone financial results for the period ended December 31, 2023.

Financial Results (Q3 FY2024) - QoQ Comparison

The company has reported total income of Rs. 68.2679 crores during the period ended December 31, 2023 as compared to Rs. 64.4705 crores during the period ended September 30, 2023.

The company has posted net profit / (loss) of Rs. 34.6543 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs. 39.6482 crores for the period ended September 30, 2023.

The company has reported EPS of Rs. 2.70 for the period ended December 31, 2023 as compared to Rs. 3.09 for the period ended September 30, 2023.

Financials	Q3 FY2024	Q2 FY2024	% Change
Total Income	₹ 68.2679 crs	₹64.4705 crs	5.89%
Net Profit	₹34.6543 crs	₹39.6482 crs	-12.60%
EPS	₹2.70	₹3.09	-12.62%

Financial Results (Q3 FY2024) - YoY Comparison

The company has reported total income of Rs. 68.2679 crores during the period ended December 31, 2023 as compared to Rs.52.2267 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.34.6543 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs.20.1921 crores for the period ended December 31, 2022.

The company has reported EPS of Rs.2.70 for the period ended December 31, 2023 as compared to Rs.1.56 for the period ended December 31, 2022.

Financials	Q3 FY2024	Q3 FY2023	% Change
Total Income	₹ 68.2679 crs	₹52.2267 crs	30.71%
Net Profit	₹34.6543 crs	₹20.1921 crs	71.62%
EPS	₹2.70	₹1.56	73.08%

Financial Results (9 Months Ended FY2024) - YoY Comparison

The company has reported total income of Rs.187.3903 crores during the 9 Months period ended December 31, 2023 as compared to Rs.138.1915 crores during the 9 Months period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.101.4037 crores for the 9 Months period ended December 31, 2023 as against net profit / (loss) of Rs.58.1955 crores for the 9 Months period ended December 31, 2022.

The company has reported EPS of Rs.7.90 for the 9 Months period ended December 31, 2023 as compared to Rs.4.49 for the 9 Months period ended December 31, 2022.

Financials	9 Months Ended FY2024	9 Months Ended FY2023	% Change
Total Income	₹187.3903 crs	₹138.1915 crs	35.60%
Net Profit	₹101.4037 crs	₹58.1955 crs	74.25%
EPS	₹7.90	₹4.49	75.95%

Source : Equity Bulls

Keywords

TIPSIndustries Q3FY24 9MFY24 ResultUpdate