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Paushak Ltd reports slide in Q1FY22 PAT to Rs. 2.93 crore



Posted On : 2021-08-03 16:30:48( TIMEZONE : IST )

Paushak Ltd reports slide in Q1FY22 PAT to Rs. 2.93 crore

PAUSHAK LIMITED 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.23.57 crores during the period ended June 30, 2021 as compared to Rs.39.90 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.2.93 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.11.01 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.9.51 for the period ended June 30, 2021 as compared to Rs.35.73 for the period ended March 31, 2021.

FinancialsQ1 FY2021-22Q4 FY20-21% Change
Total Income₹ 23.57 crs₹ 39.90 crsDown Tick -40.93%
Net Profit₹ 2.93 crs₹ 11.01 crsDown Tick -73.39%
EPS₹ 9.51₹ 35.73Down Tick -73.38%

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

The company has reported total income of Rs.23.57 crores during the period ended June 30, 2021 as compared to Rs.33.59 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.2.93 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.8.63 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.9.51 for the period ended June 30, 2021 as compared to Rs.28.01 for the period ended June 30, 2020.

FinancialsQ1 FY2021-22Q1 FY2020-21% Change
Total Income₹ 23.57 crs₹ 33.59 crsDown Tick -29.83%
Net Profit₹ 2.93 crs₹ 8.63 crsDown Tick -66.05%
EPS₹ 9.51₹ 28.01Down Tick -66.05%

During the quarter ended 30th June, 2021, due to resurgence of Covid-19 cases and prohibition on use of oxygen for industrial purposes, the Company had to temporarily suspend its manufacturing operations. While manufacturing was suspended for about 4-5 Weeks, the operations were adversely impacted for a much longer duration. The Company's management believes that the impact is short term in nature.

Plant is fully operational now and we expect second quarter to be normal barring any unforeseen circumstances. Similarly, new projects under execution got delayed due to non-availability of Oxygen as well labour due to surge in Covid cases in Q1. We expect the new projects to be commissioned in Q2 and the Company will get the benefit of higher throughput from Q3 onwards.

Shares of PAUSHAK LIMITED was last trading in BSE at Rs. 9000 as compared to the previous close of Rs. 9142.6. The total number of shares traded during the day was 1121 in over 259 trades.

The stock hit an intraday high of Rs. 9350 and intraday low of 8835. The net turnover during the day was Rs. 10284477.

Source : Equity Bulls

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