Stock Report

Olectra Greentech Ltd posts higher consolidated PAT of Rs. 26.98 crores in Q3FY24

Posted On : 2024-01-27 22:10:31( TIMEZONE : IST )

Olectra Greentech 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. 344.6555 crores during the period ended December 31, 2023 as compared to Rs. 310.2836 crores during the period ended September 30, 2023.

The company has posted net profit / (loss) of Rs. 26.9853 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs. 18.0594 crores for the period ended September 30, 2023.

The company has reported EPS of Rs. 3.29 for the period ended December 31, 2023 as compared to Rs. 2.20 for the period ended September 30, 2023.

Financials	Q3 FY2024	Q2 FY2024	% Change
Total Income	₹ 344.6555 crs	₹310.2836 crs	11.08%
Net Profit	₹26.9853 crs	₹18.0594 crs	49.43%
EPS	₹3.29	₹2.20	49.55%

Financial Results (Q3 FY2024) - YoY Comparison

The company has reported total income of Rs. 344.6555 crores during the period ended December 31, 2023 as compared to Rs.257.5566 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.26.9853 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs.14.3791 crores for the period ended December 31, 2022.

The company has reported EPS of Rs.3.29 for the period ended December 31, 2023 as compared to Rs.1.75 for the period ended December 31, 2022.

Financials	Q3 FY2024	Q3 FY2023	% Change
Total Income	₹ 344.6555 crs	₹257.5566 crs	33.82%
Net Profit	₹26.9853 crs	₹14.3791 crs	87.67%
EPS	₹3.29	₹1.75	88.00%

Financial Results (9 Months Ended FY2024) - YoY Comparison

The company has reported total income of Rs.872.1611 crores during the 9 Months period ended December 31, 2023 as compared to Rs.724.3830 crores during the 9 Months period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.63.1219 crores for the 9 Months period ended December 31, 2023 as against net profit / (loss) of Rs.38.5887 crores for the 9 Months period ended December 31, 2022.

The company has reported EPS of Rs.7.69 for the 9 Months period ended December 31, 2023 as compared to Rs.4.70 for the 9 Months period ended December 31, 2022.

Financials	9 Months Ended FY2024	9 Months Ended FY2023	% Change
Total Income	₹872.1611 crs	₹724.3830 crs	20.40%
Net Profit	₹63.1219 crs	₹38.5887 crs	63.58%
EPS	₹7.69	₹4.70	63.62%

Shares of Olectra Greentech Limited was last trading in BSE at Rs. 1699.20 as compared to the previous close of Rs. 1693.80. The total number of shares traded during the day was 48599 in over 2965 trades.

The stock hit an intraday high of Rs. 1719.10 and intraday low of 1676.50. The net turnover during the day was Rs. 82397027.00.