Company has published the unaudited financial results for the quarter ended June 30,2024 in English Edition Business standard and Tamil Edition Makkalkural today.
Awaiting price reaction for this filing.
Binny Limited has published its unaudited financial results for the quarter ended June 30, 2024 in Business Standard (English) and Makkalkural (Tamil), as required under SEBI Listing Regulations. Total income from operations stood at Rs. 2,249.22 lakhs, down sharply from Rs. 5,144.62 lakhs in the same quarter last year (a decline of about 56%). Net profit before tax was Rs. 1,644.61 lakhs versus Rs. 3,210.78 lakhs year-on-year. Net profit after tax came in at Rs. 425.41 lakhs (vs Rs. 1,955.89 lakhs in Q1 FY24), translating to a basic EPS of Rs. 1.91 (vs Rs. 8.76). For reference, the full year ended March 31, 2024 had closed with a loss after tax of Rs. 2,423.85 lakhs, so the company has swung back to profitability on a quarterly basis.
Both top-line and bottom-line numbers weakened significantly compared to the year-ago quarter, which is a negative signal for short-term shareholder sentiment. However, the company has returned to profit versus the prior year's full-year loss, offering some relief. This is essentially a regulatory newspaper publication filing, so it does not introduce new information beyond the already filed quarterly results.