Stovec Industries standalone net profit rises 141.57% in the December 2023 quarter

Sales decline 4.86% to Rs 57.97 crore

Net profit of Stovec Industries rose 141.57% to Rs 4.01 crore in the quarter ended December 2023 as against Rs 1.66 crore during the previous quarter ended December 2022. Sales declined 4.86% to Rs 57.97 crore in the quarter ended December 2023 as against Rs 60.93 crore during the previous quarter ended December 2022.

For the full year,net profit declined 63.50% to Rs 9.04 crore in the year ended December 2023 as against Rs 24.77 crore during the previous year ended December 2022. Sales declined 12.12% to Rs 207.26 crore in the year ended December 2023 as against Rs 235.85 crore during the previous year ended December 2022.

 

ParticularsQuarter EndedYear EndedDec. 2023Dec. 2022% Var.Dec. 2023Dec. 2022% Var.Sales57.9760.93 -5 207.26235.85 -12 OPM %9.995.61 -6.4811.07 - PBDT6.784.39 54 17.7830.72 -42 PBT4.892.89 69 11.4224.74 -54 NP4.011.66 142 9.0424.77 -64

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