Salzer Electronics Ltd reports consolidated net profit of Rs. 6.89 crore in Q2

SALZER ELECTRONICS LTD. has reported financial results for the period ended September 30, 2020.

Financial Results (Q2 FY20-21) - QoQ Comparison

The company has reported total income of Rs.155.38 crores during the period ended September 30, 2020 as compared to Rs.98.55 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.6.89 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.0.49 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.4.40 for the period ended September 30, 2020 as compared to Rs.0.30 for the period ended June 30, 2020.

Financials	Q2 FY20-21	Q1 FY20-21	% Change
Total Income	₹ 155.38 crs	₹ 98.55 crs	57.67%
Net Profit	₹ 6.89 crs	₹ 0.49 crs	1306.12%
EPS	₹ 4.40	₹ 0.30	1366.67%

Financial Results (Q2 FY20-21) - YoY Comparison

The company has reported total income of Rs.155.38 crores during the period ended September 30, 2020 as compared to Rs.144.19 crores during the period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.6.89 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.6.32 crores for the period ended September 30, 2019.

The company has reported EPS of Rs.4.40 for the period ended September 30, 2020 as compared to Rs.3.96 for the period ended September 30, 2019.

Financials	Q2 FY20-21	Q2 FY19-20	% Change
Total Income	₹ 155.38 crs	₹ 144.19 crs	7.76%
Net Profit	₹ 6.89 crs	₹ 6.32 crs	9.02%
EPS	₹ 4.40	₹ 3.96	11.11%

Shares of SALZER ELECTRONICS LTD. was last trading in BSE at Rs.100.85 as compared to the previous close of Rs. 103.9. The total number of shares traded during the day was 3474 in over 136 trades.

The stock hit an intraday high of Rs. 104 and intraday low of 99.1. The net turnover during the day was Rs. 351986.

Source : Equity Bulls

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