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Everest Industries reports 17% fall in Q1 consolidated net profit

05 Aug 2023 Evaluate

Everest Industries has reported results for first quarter ended June 30, 2023 (Q1FY24). 

The company has reported 16.78% fall in its net profit at Rs 17.81 crore for the quarter under review as compared to Rs 21.40 crore for the same quarter in the previous year. However, total income of the company increased by 5.74% at Rs 489.01 crore for Q1FY24 as compared Rs 462.45 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 17.08% fall in net profit at Rs 17.58 crore for the first quarter ended June 30, 2023 as compared to Rs 21.20 crore for the same quarter in the previous year. However, total income of the company increased by 5.57% at Rs 489.03 crore for Q1FY24 as compared Rs 463.23 crore for the corresponding quarter previous year.

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