Raideep Industries consolidated net profit declines 96.70% in the March 2024 quarter

Sales rise 81.96% to Rs 18.96 crore

Net profit of Raideep Industries declined 96.70% to Rs 0.12 crore in the quarter ended March 2024 as against Rs 3.64 crore during the previous quarter ended March 2023. Sales rose 81.96% to Rs 18.96 crore in the quarter ended March 2024 as against Rs 10.42 crore during the previous quarter ended March 2023.

For the full year,net profit declined 57.92% to Rs 1.86 crore in the year ended March 2024 as against Rs 4.42 crore during the previous year ended March 2023. Sales declined 7.09% to Rs 25.55 crore in the year ended March 2024 as against Rs 27.50 crore during the previous year ended March 2023.

ParticularsQuarter EndedYear EndedMar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var.Sales18.9610.42 82 25.5527.50 -7 OPM %-0.630 --1.37-1.16 - PBDT0.060.17 -65 1.160.33 252 PBT0.050.15 -67 1.130.31 265 NP0.123.64 -97 1.864.42 -58

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