Industrial & Prudential Investment Company consolidated net profit declines 10.22% in the March 2024 quarter

Image
Last Updated : May 02 2024 | 5:50 PM IST

Sales decline 10.77% to Rs 0.58 crore

Net profit of Industrial & Prudential Investment Company declined 10.22% to Rs 12.12 crore in the quarter ended March 2024 as against Rs 13.50 crore during the previous quarter ended March 2023. Sales declined 10.77% to Rs 0.58 crore in the quarter ended March 2024 as against Rs 0.65 crore during the previous quarter ended March 2023.

For the full year,net profit rose 10.60% to Rs 49.46 crore in the year ended March 2024 as against Rs 44.72 crore during the previous year ended March 2023. Sales declined 16.67% to Rs 6.05 crore in the year ended March 2024 as against Rs 7.26 crore during the previous year ended March 2023.

ParticularsQuarter EndedYear EndedMar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var.Sales0.580.65 -11 6.057.26 -17 OPM %55.1730.77 -86.7885.40 - PBDT12.1512.33 -1 50.2345.65 10 PBT12.1512.33 -1 50.2345.65 10 NP12.1213.50 -10 49.4644.72 11

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 02 2024 | 5:30 PM IST

Next Story