Stock Report

Lime Chemicals Ltd Q1FY22 net profit jumps to Rs. 10.89 crore



Posted On : 2021-08-16 17:39:23( TIMEZONE : IST )

Lime Chemicals Ltd Q1FY22 net profit jumps to Rs. 10.89 crore

Lime Chemicals 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.2.41 crores during the period ended June 30, 2021 as compared to Rs.7.44 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.10.89 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.(0.4523) crores for the period ended March 31, 2021.

The company has reported EPS of Rs.16.75 for the period ended June 30, 2021 as compared to Rs.(0.70) for the period ended March 31, 2021.

FinancialsQ1 FY2021-22Q4 FY20-21% Change
Total Income₹ 2.41 crs₹ 7.44 crsDown Tick -67.61%
Net Profit₹ 10.89 crs₹ (0.4523) crsUp Tick 2507.69%
EPS₹ 16.75₹ (0.70)Up Tick 2492.86%

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

The company has reported total income of Rs.2.41 crores during the period ended June 30, 2021 as compared to Rs.5.70 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.10.89 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.0.4576 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.16.75 for the period ended June 30, 2021 as compared to Rs.0.70 for the period ended June 30, 2020.

FinancialsQ1 FY2021-22Q1 FY2020-21% Change
Total Income₹ 2.41 crs₹ 5.70 crsDown Tick -57.72%
Net Profit₹ 10.89 crs₹ 0.4576 crsUp Tick 2279.81%
EPS₹ 16.75₹ 0.70Up Tick 2292.86%

The Company has Sold Paonta Factory Building along with land for Rs.1,230 lakhs. Profit of Rs. 1,106.31 lakhs on above sale recognised in Exceptional Items during the Current quarter. The Plant and Machinery and other assets at poanta is transferred to Kalamb, the installation of these is still not complete and production at kalamb is not yet started.

Also Company has entered into MOU for sale of Roha Factory Building along with land for Rs. 510 lakhs, out of which Rs. 125 lakhs has been received as an advance. Hence the Production facility at Roha is totally halt till date. Profit or Loss on the sale of these assets shall be accounted for in the year in which the agreement for sale will be executed and possession is given to the party.

Shares of Lime Chemicals Ltd. was last trading in BSE at Rs. 28.95 as compared to the previous close of Rs. 26.35. The total number of shares traded during the day was 22223 in over 78 trades.

The stock hit an intraday high of Rs. 28.95 and intraday low of 27.6. The net turnover during the day was Rs. 640208.

Source : Equity Bulls

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