Categories AlphaGraphs, Earnings

GRM Overseas Ltd Q2FY24; 52% fall in Profits

GRM Overseas Ltd is primarily engaged in the business of milling, processing and marketing of branded and non-branded basmati rice in the domestic and overseas market.

Financial Results:

  • GRM Overseas Ltd reported Revenues for Q2FY24 of ₹203.67 Crores down from ₹270.64 Crore year on year, a fall of 24.75%.
  • Total Expenses for Q2FY24 of ₹200.72 Crores down from ₹252.43 Crores year on year, a fall of 20.48%.
  • Consolidated Net Profit of ₹6.62 Crores down 51.54% from ₹13.66 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹1.10, down 51.75% from ₹2.28 in the same quarter of the previous year.

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