ideaForge Technology Ltd Q4 FY2024 consolidated profit at Rs. 10.33 crores

Ideaforge Technology Limited has reported Consolidated financial results for the period ended March 31, 2024.

Financial Results (Q4 FY2024) - QoQ Comparison

The company has reported total income of Rs. 107.660 crores during the period ended March 31, 2024 as compared to Rs. 97.502 crores during the period ended December 31, 2023.

The company has posted net profit / (loss) of Rs. 10.334 crores for the period ended March 31, 2024 as against net profit / (loss) of Rs. 14.799 crores for the period ended December 31, 2023.

The company has reported EPS of Rs. 2.36 for the period ended March 31, 2024 as compared to Rs. 3.41 for the period ended December 31, 2023.

Financials	Q4 FY2024	Q3 FY2024	% Change
Total Income	₹ 107.660 crs	₹97.502 crs	10.42%
Net Profit	₹10.334 crs	₹14.799 crs	-30.17%
EPS	₹2.36	₹3.41	-30.79%

Financial Results (Q4 FY2024) - YoY Comparison

The company has reported total income of Rs. 107.660 crores during the period ended March 31, 2024 as compared to Rs.42.868 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs.10.334 crores for the period ended March 31, 2024 as against net profit / (loss) of Rs.-5.422 crores for the period ended March 31, 2023.

The company has reported EPS of Rs.2.36 for the period ended March 31, 2024 as compared to Rs.-1.45 for the period ended March 31, 2023.

Financials	Q4 FY2024	Q4 FY2023	% Change
Total Income	₹ 107.660 crs	₹42.868 crs	151.14%
Net Profit	₹10.334 crs	₹-5.422 crs	290.59%
EPS	₹2.36	₹-1.45	262.76%

Financial Results (Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.344.408 crores during the Financial Year ended March 31, 2024 as compared to Rs.196.402 crores during the Financial Year ended March 31, 2023.

The company has posted net profit / (loss) of Rs.45.268 crores for the Financial Year ended March 31, 2024 as against net profit / (loss) of Rs.31.988 crores for the Financial Year ended March 31, 2023.

The company has reported EPS of Rs.10.77 for the Financial Year ended March 31, 2024 as compared to Rs.8.12 for the Financial Year ended March 31, 2023.

Financials	Year Ended FY2024	Year Ended FY2023	% Change
Total Income	₹344.408 crs	₹196.402 crs	75.36%
Net Profit	₹45.268 crs	₹31.988 crs	41.52%
EPS	₹10.77	₹8.12	32.64%

Shares of Ideaforge Technology Limited was last trading in BSE at Rs. 696.85 as compared to the previous close of Rs. 668.65. The total number of shares traded during the day was 57166 in over 3283 trades.

The stock hit an intraday high of Rs. 699.60 and intraday low of 670.25. The net turnover during the day was Rs. 39573534.00.

Source : Equity Bulls

Keywords

ideaForgeTechnology Q4FY24 FY2024 ResultUpdate