Praveg consolidated net profit declines 68.28% in the March 2024 quarter

Sales rise 73.72% to Rs 32.52 crore

Net profit of Praveg declined 68.28% to Rs 1.64 crore in the quarter ended March 2024 as against Rs 5.17 crore during the previous quarter ended March 2023. Sales rose 73.72% to Rs 32.52 crore in the quarter ended March 2024 as against Rs 18.72 crore during the previous quarter ended March 2023.

For the full year,net profit declined 54.27% to Rs 13.00 crore in the year ended March 2024 as against Rs 28.43 crore during the previous year ended March 2023. Sales rose 8.43% to Rs 91.60 crore in the year ended March 2024 as against Rs 84.48 crore during the previous year ended March 2023.

ParticularsQuarter EndedYear EndedMar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var.Sales32.5218.72 74 91.6084.48 8 OPM %26.1151.50 -31.8653.17 - PBDT7.819.68 -19 29.7544.61 -33 PBT6.467.42 -13 19.0738.52 -50 NP1.645.17 -68 13.0028.43 -54

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