Stovec Industries Ltd Q1 CY2024 net profit increases to Rs. 4.75 crore

STOVEC INDUSTRIES LTD. has reported Standalone financial results for the period ended March 31, 2024.

Financial Results (Q1 CY2024) - QoQ Comparison

The company has reported total income of Rs. 61.106 crores during the period ended March 31, 2024 as compared to Rs. 58.964 crores during the period ended December 31, 2023.

The company has posted net profit / (loss) of Rs. 4.750 crores for the period ended March 31, 2024 as against net profit / (loss) of Rs. 4.006 crores for the period ended December 31, 2023.

The company has reported EPS of Rs. 22.78 for the period ended March 31, 2024 as compared to Rs. 19.19 for the period ended December 31, 2023.

Financials	Q1 CY2024	Q4 CY2023	% Change
Total Income	₹ 61.106 crs	₹58.964 crs	3.63%
Net Profit	₹4.750 crs	₹4.006 crs	18.57%
EPS	₹22.78	₹19.19	18.71%

Financial Results (Q1 CY2024) - YoY Comparison

The company has reported total income of Rs. 61.106 crores during the period ended March 31, 2024 as compared to Rs.45.765 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs.4.750 crores for the period ended March 31, 2024 as against net profit / (loss) of Rs.2.447 crores for the period ended March 31, 2023.

The company has reported EPS of Rs.22.78 for the period ended March 31, 2024 as compared to Rs.11.72 for the period ended March 31, 2023.

Financials	Q1 CY2024	Q1 CY2023	% Change
Total Income	₹ 61.106 crs	₹45.765 crs	33.52%
Net Profit	₹4.750 crs	₹2.447 crs	94.12%
EPS	₹22.78	₹11.72	94.37%

Shares of STOVEC INDUSTRIES LTD. was last trading in BSE at Rs. 2644.60 as compared to the previous close of Rs. 2647.70. The total number of shares traded during the day was 261 in over 43 trades.

The stock hit an intraday high of Rs. 2657.90 and intraday low of 2615.00. The net turnover during the day was Rs. 686411.00.

Source : Equity Bulls

Keywords

StovecIndustries Q1CY2024 ResultUpdate