Kingfa Science and Technology India Ltd reports QoQ drop in net profit to Rs. 7.44 crore

The Board of Directors of Kingfa Science & Technology (India) Limited, at its meeting held today have approved the unaudited Standalone financial results of the company for the period ended September 30, 2021.

For the quarter ended September 30, 2021(Q2 FY2022), the company's total income was ₹ 265.0152 crore, against ₹169.9256 crore in the corresponding quarter of the previous year (YoY) and ₹222.4973 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q2 FY2022), the company's net profit / (loss) was ₹7.4478 crore, against ₹3.3016 crore in the corresponding quarter of the previous year (YoY) and ₹11.7201 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q2 FY2022), the company's Earnings Per Share (EPS) was ₹6.15, against ₹2.73 in the corresponding quarter of the previous year (YoY) and ₹9.68 in previous quarter (QoQ).

Financials	Q2 FY2022	Q1 FY2022	QoQ % Change	Q2 FY2021	YoY % Change
Total Income	₹ 265.0152 crs	₹222.4973 crs	19.11%	₹169.9256 crs	55.96%
Net Profit	₹7.4478 crs	₹11.7201 crs	-36.45%	₹3.3016 crs	125.58 %
EPS	₹6.15	₹9.68	-36.47%	₹2.73	125.27%

For the 6 Months period ended September 30, 2021(Half Year Ended FY 2022), the company's total income was ₹487.5125 crore, against ₹215.3553 crore in the previous year (YoY) (Half Year Ended FY 2021).

The net profit / (loss) was at ₹19.1679 crore for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), compared to ₹2.0474 crore in the previous year (YoY) (Half Year Ended FY 2021).

The Earnings Per Share stood at ₹15.83 for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), against ₹1.69 in the previous year (YoY) (Half Year Ended FY 2021).

Financials	Half Year Ended FY2022	Half Year Ended FY2021	% Change
Total Income	₹487.5125 crs	₹215.3553 crs	126.38%
Net Profit	₹19.1679 crs	₹2.0474 crs	836.21%
EPS	₹15.83	₹1.69	836.69%

Shares of Kingfa Science & Technology (India) Limited was last trading in BSE at Rs. 957.45 as compared to the previous close of Rs. 963.10. The total number of shares traded during the day was 670 in over 65 trades.

The stock hit an intraday high of Rs. 972.95 and intraday low of 938.30. The net turnover during the day was Rs. 636225.00.

Source : Equity Bulls

Keywords

KingfaScienceandTechnologyIndia Q2FY22 H1FY22 ResultUpdate