Categories AlphaGraphs, Interviews

Modison Ltd Q1FY24; 8% rise in Profits

Modison Metals Ltd, established in 1975, manufactures electrical contact materials and finished contacts for Low Voltage(LV), Medium Voltage(MV) and High Voltage(HV) Switchgears. Co. manufactures products for sectors like Automotive, Engineering, Aerospace, Marine, Defence & Railways. It is the only Co. in India and one of the few in the world to have presence in all three segments i.e. HV, MV and LV.

Financial Results:

Modison Ltd reported Revenues for Q1FY24 of ₹86.05 Crores down from ₹89.65 Crore year on year, a fall of 4.02%.

Total Expenses for Q1FY24 of ₹81.19 Crores down from ₹87.40 Crores year on year, a fall of 7.11%.

Consolidated Net Profit of ₹5.51 Crores up 8.04% from ₹5.10 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.70, up 8.28% from ₹1.57 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.

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