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Artson Engineering Ltd reports net profit of Rs. 55.53 lakhs in Q1FY22



Posted On : 2021-07-23 19:21:49( TIMEZONE : IST )

Artson Engineering Ltd reports net profit of Rs. 55.53 lakhs in Q1FY22

ARTSON ENGINEERING LTD. has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.39.43 crores during the period ended June 30, 2021 as compared to Rs.68.11 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.0.5553 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.1.10 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.0.15 for the period ended June 30, 2021 as compared to Rs.0.30 for the period ended March 31, 2021.

FinancialsQ1 FY2021-22Q4 FY20-21% Change
Total Income₹ 39.43 crs₹ 68.11 crsDown Tick -42.11%
Net Profit₹ 0.5553 crs₹ 1.10 crsDown Tick -49.52%
EPS₹ 0.15₹ 0.30Down Tick -50%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.39.43 crores during the period ended June 30, 2021 as compared to Rs.21.61 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.0.5553 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.(4.51) crores for the period ended June 30, 2020.

The company has reported EPS of Rs.0.15 for the period ended June 30, 2021 as compared to Rs.(1.22) for the period ended June 30, 2020.

FinancialsQ1 FY2021-22Q1 FY2020-21% Change
Total Income₹ 39.43 crs₹ 21.61 crsUp Tick 82.46%
Net Profit₹ 0.5553 crs₹ (4.51) crsUp Tick 112.31%
EPS₹ 0.15₹ (1.22)Up Tick 112.3%

The Company has a pending order book for around Rs. 24,948.15 Lakhs as at 30 June 2021. Additionally, the Company is hopeful of receiving some orders for which it has already submitted its bids.

The Company is in the process of bidding for multiple projects for Tata Projects Limited ('TPL'), Holding Company and it is hopeful of receiving orders from TPL in the coming quarters based on competitive bidding and Arm's Length Pricing norms.

Shares of ARTSON ENGINEERING LTD. was last trading in BSE at Rs. 60.2 as compared to the previous close of Rs. 60.45. The total number of shares traded during the day was 24621 in over 152 trades.

The stock hit an intraday high of Rs. 62.8 and intraday low of 58.35. The net turnover during the day was Rs. 1511340.

Source : Equity Bulls

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