Southern Magnesium & Chemicals standalone net profit rises 4.11% in the March 2024 quarter

Sales rise 47.22% to Rs 2.65 crore

Net profit of Southern Magnesium & Chemicals rose 4.11% to Rs 0.76 crore in the quarter ended March 2024 as against Rs 0.73 crore during the previous quarter ended March 2023. Sales rose 47.22% to Rs 2.65 crore in the quarter ended March 2024 as against Rs 1.80 crore during the previous quarter ended March 2023.

For the full year,net profit declined 5.67% to Rs 3.33 crore in the year ended March 2024 as against Rs 3.53 crore during the previous year ended March 2023. Sales rose 10.50% to Rs 9.47 crore in the year ended March 2024 as against Rs 8.57 crore during the previous year ended March 2023.

ParticularsQuarter EndedYear EndedMar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var.Sales2.651.80 47 9.478.57 11 OPM %36.2358.89 -44.9856.71 - PBDT1.031.11 -7 4.504.94 -9 PBT1.011.10 -8 4.454.89 -9 NP0.760.73 4 3.333.53 -6

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