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Modi Rubber Ltd Q1FY24; 63% fall in Profits

Modi Rubber Limited, established in 1971, was earlier engaged in the manufacture of automotive tyres, tubes, flaps, and other allied products. Presently, the co receives its revenue from rentals on real estate.

Financial Results:

Modi Rubber Ltd reported Revenues for Q1FY24 of ₹4.79 Crores up from ₹0.50 Crore year on year, a rise of 858.0%.

Total Expenses for Q1FY24 of ₹9.06 Crores up from ₹5.60 Crores year on year, a rise of 61.79%.

Consolidated Net Profit of ₹3.61 Crores down 63.13% from ₹9.79 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.44, down 63.17% from ₹3.91 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: tubestyres
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