Stovec Industries Ltd Q4CY23 net profit surges to Rs. 4 crore

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

Financial Results (Q4 FY2023) - QoQ Comparison

The company has reported total income of Rs. 58.964 crores during the period ended December 31, 2023 as compared to Rs. 48.240 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs. 4.006 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs. 0.568 crores for the period ended December 31, 2022.

The company has reported EPS of Rs. 19.19 for the period ended December 31, 2023 as compared to Rs. 2.72 for the period ended December 31, 2022.

Financials	Q4 FY2023	Q3 FY2023	% Change
Total Income	₹58.964 crs	₹48.240 crs	22.23%
Net Profit	₹4.006 crs	₹0.568 crs	605.28%
EPS	₹19.19	₹2.72	605.51%

Financial Results (Q4 FY2023) - YoY Comparison

The company has reported total income of Rs.58.964 crores during the period ended December 31, 2023 as compared to Rs.61.90 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.4.006 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs.1.664 crores for the period ended December 31, 2022.

The company has reported EPS of Rs.19.19 for the period ended December 31, 2023 as compared to Rs.7.96 for the period ended December 31, 2022.

Financials	Q4 FY2023	Q4 FY2022	% Change
Total Income	₹58.964 crs	₹61.90 crs	-4.74%
Net Profit	₹4.006 crs	₹1.664 crs	140.75%
EPS	₹19.19	₹7.96	141.08%

Financial Results (Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.211.689 crores during the Financial Year ended December 31, 2023 as compared to Rs.240.466 crores during the Financial Year ended December 31, 2022.

The company has posted net profit / (loss) of Rs.9.037 crores for the Financial Year ended December 31, 2023 as against net profit / (loss) of Rs.24.767 crores for the Financial Year ended December 31, 2022.

The company has reported EPS of Rs.43.28 for the Financial Year ended December 31, 2023 as compared to Rs.118.61 for the Financial Year ended December 31, 2022.

Financials	Year Ended FY2023	Year Ended FY2022	% Change
Total Income	₹211.689 crs	₹240.466 crs	-11.97%
Net Profit	₹9.037 crs	₹24.767 crs	-63.51%
EPS	₹43.28	₹118.61	-63.51%

Shares of STOVEC INDUSTRIES LTD. was last trading in BSE at Rs. 2554.95 as compared to the previous close of Rs. 2610.65. The total number of shares traded during the day was 775 in over 108 trades.

The stock hit an intraday high of Rs. 2699.00 and intraday low of 2550.05. The net turnover during the day was Rs. 2009123.00.

Source : Equity Bulls

Keywords

StovecIndustries Q4CY23 CY2023 ResultUpdate