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The revenue slipped marginally during the March 2024 quarter. A decline of about Rs. 19.48 millions was observed as compared to Rs. 0.00 millions during the corresponding quarter last year.Net profit was down at Rs. 16.31  millions against Rs. 439.64 millions recorded in the corresponding quarter a year ago.The net profit spiraled down by -96.29%. Operating profit Margin for the quarter ended March 2024 improved to -38.14% as compared to -1.26% of corresponding quarter ended March 2023


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202403 202303 % Var 202403 202303 % Var 202403 202303 % Var
Sales 19.48 0.00 0.00 64.67 0.00 0.00 64.67 0.00 0.00
Other Income 9.53 0.00 0.00 44.98 0.00 0.00 44.98 0.00 0.00
PBIDT -38.14 -1.26 2926.98 11.54 -6.52 -276.99 11.54 -6.52 -276.99
Interest 1.54 4.21 -63.42 9.27 4.21 120.19 9.27 4.21 120.19
PBDT -34.02 442.77 -107.68 18.08 436.16 -95.85 18.08 436.16 -95.85
Depreciation 2.76 3.13 -11.82 13.75 12.54 9.65 13.75 12.54 9.65
PBT -36.78 439.64 -108.37 4.33 423.62 -98.98 4.33 423.62 -98.98
TAX -53.09 0.00 0.00 -53.09 0.00 0.00 -53.09 0.00 0.00
Deferred Tax -53.09 0.00 0.00 -53.09 0.00 0.00 -53.09 0.00 0.00
PAT 16.31 439.64 -96.29 57.42 423.62 -86.45 57.42 423.62 -86.45
Equity 40.01 31.59 26.65 40.01 31.59 26.65 40.01 31.59 26.65
PBIDTM(%) -195.79 0.00 0.00 17.84 0.00 0.00 17.84 0.00 0.00
Peers
Company Name CMP
ONGC 225.15
Oil India 450.45
Jindal Drilling&Inds 581.00
Deep Industries 779.00
Asian Energy Service 489.00
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