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Kintech Renewables reports Profit after tax of Rs 12.80 Mln, in the June 2023 quarter

10 Jul 2023 Evaluate
Revenue showed a marginal decline at Rs. 1508.60 millions. For the quarter ended June 2023, as compared to corresponding quarter of last year.The Net Profit of the company reported a remarkable increase of 481.82% to Rs. 12.80  millions  from Rs. 2.20 millions in previous same quarter.Operating profit for the quarter ended June 2023 rose to 18.30 millions as compared to 2.70 millions of corresponding quarter ended June 2022.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202306 202206 % Var 202306 202206 % Var 202303 202203 % Var
Sales 1508.60 0.00 0.00 1508.60 0.00 0.00 15.59 0.37 4113.51
Other Income 0.10 3.20 -96.88 0.10 3.20 -96.88 10.25 5.79 77.03
PBIDT 18.30 2.70 577.78 18.30 2.70 577.78 2.66 4.13 -35.59
Interest 1.10 0.00 0.00 1.10 0.00 0.00 0.00 0.04 0.00
PBDT 17.20 2.70 537.04 17.20 2.70 537.04 2.66 4.09 -34.96
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PBT 17.20 2.70 537.04 17.20 2.70 537.04 2.66 4.09 -34.96
TAX 4.40 0.50 780.00 4.40 0.50 780.00 0.70 1.08 -35.19
Deferred Tax 0.00 -0.10 0.00 0.00 -0.10 0.00 -0.60 0.60 -200.00
PAT 12.80 2.20 481.82 12.80 2.20 481.82 1.96 3.01 -34.88
Equity 10.00 10.00 0.00 10.00 10.00 0.00 10.00 10.00 0.00
PBIDTM(%) 1.21 0.00 0.00 1.21 0.00 0.00 17.06 1116.22 -98.47
Peers
Company Name CMP
Redington 392.20
Amrapali Industries 37.05
Adani Enterprises 3100.00
Rashi Peripheral 805.00
PDS 348.90
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