Bihar Sponge Iron Ltd Q1FY22 net profit at Rs. 4.08 crore

Bihar Sponge Iron 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.14.84 crores during the period ended June 30, 2021 as compared to Rs.8.69 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.4.08 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.1.94 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.0.45 for the period ended June 30, 2021 as compared to Rs.0.22 for the period ended March 31, 2021.

Financials	Q1 FY2021-22	Q4 FY20-21	% Change
Total Income	₹ 14.84 crs	₹ 8.69 crs	70.77%
Net Profit	₹ 4.08 crs	₹ 1.94 crs	110.31%
EPS	₹ 0.45	₹ 0.22	104.55%

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

The company has reported total income of Rs.14.84 crores during the period ended June 30, 2021 as compared to Rs.0.795 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.4.08 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.(0.7292) crores for the period ended June 30, 2020.

The company has reported EPS of Rs.0.45 for the period ended June 30, 2021 as compared to Rs.(0.08) for the period ended June 30, 2020.

Financials	Q1 FY2021-22	Q1 FY2020-21	% Change
Total Income	₹ 14.84 crs	₹ 0.795 crs	1766.67%
Net Profit	₹ 4.08 crs	₹ (0.7292) crs	659.52%
EPS	₹ 0.45	₹ (0.08)	662.5%

Shares of Bihar Sponge Iron Ltd was last trading in BSE at Rs. 7.8 as compared to the previous close of Rs. 8.21. The total number of shares traded during the day was 46438 in over 185 trades.

The stock hit an intraday high of Rs. 8.61 and intraday low of 7.8. The net turnover during the day was Rs. 365423.

Source : Equity Bulls

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