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Lotus Chocolate Company reports ₹1.18Cr profit in Q4 FY24, with Revenue surging by 433.72% YoY

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Delta Corp Share Price Live blog for 22 Jan 2024

Lotus Chocolate Company declared their Q4 FY24 results on April 16, 2024, showing a significant improvement in their financial performance. The topline increased by 433.72% with a profit of ₹1.18 crore, a notable contrast to the loss of ₹5.81 crore reported in the same period in the previous fiscal year. The revenue also saw a growth of 26.83% compared to the previous quarter.

The Selling, general & administrative expenses decreased by 2.42% quarter-on-quarter but spiked by 253.07% year-on-year. The operating income experienced a substantial increase of 157.9% sequentially and 126.05% annually.

The earnings per share (EPS) for Q4 FY24 stood at ₹0.92, a 122.51% increase year-on-year. Moreover, Lotus Chocolate Company demonstrated robust returns, with 30.28% in the last week, 25.81% in the last 6 months, and a year-to-date return of 47.51%.

Currently, the market capitalization of Lotus Chocolate Company is ₹578.2 crore, with a 52-week high/low of ₹470 and ₹139.05 respectively. The company’s financial performance in Q4 FY24 showcases a positive trajectory, indicating growth and profitability in the chocolate industry. Stay tuned for more corporate updates at Live Mint.

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