DSIJ Mindshare

According to the quarterly results, the net sales increased by 3,110 times to Rs 93.31 crore and net profit skyrocketed 9,500 per cent to Rs 0.94 crore in Q1FY24 compared to Q1FY23.

Earlier, the company announced its stellar quarterly results ended June 30, 2023. The net sales increased by 33.41 per cent to Rs 555 crore, the operating profit increased by 71.43 per cent to Rs 60 crore and the net profit skyrocketed 1,700 per cent to Rs 16 crore in Q1FY24 compared to Q1FY23.

At the closing bell, shares of the company were trading at Rs 613.95 per share, up 3.10 per cent.

According to the annual results, net sales increased by 300 per cent to Rs 27 crore, operating profit increased by 233 per cent to Rs 4 crore and net profit increased by 900 per cent to Rs 24 crore in FY23 compared to FY22. In the previous financial year 22-23, the company announced a dividend of Rs 2 per share having a face value of Rs 10 each.

Earlier, the company announced quarterly results ended June 30, 2023, wherein the net sales decreased by 35.90 per cent to Rs 11.32 crore, the operating profit increased by 89 per cent to Rs 2.57 crore and the net profit increased by 98 per cent to Rs 0.89 crore in Q1FY24 over Q1FY23.