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IP Rings Ltd Q2FY22 PAT slumps to Rs. 28.86 lakhs



Posted On : 2021-11-05 17:23:46( TIMEZONE : IST )

IP Rings Ltd Q2FY22 PAT slumps to Rs. 28.86 lakhs

The Board of Directors of IP RINGS LTD., 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 ₹ 66.4447 crore, against ₹46.2989 crore in the corresponding quarter of the previous year (YoY) and ₹62.8348 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q2 FY2022), the company's net profit / (loss) was ₹0.2886 crore, against ₹1.8568 crore in the corresponding quarter of the previous year (YoY) and ₹4.0453 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q2 FY2022), the company's Earnings Per Share (EPS) was ₹0.23, against ₹1.46 in the corresponding quarter of the previous year (YoY) and ₹3.19 in previous quarter (QoQ).

Financials Q2 FY2022 Q1 FY2022 QoQ % Change Q2 FY2021 YoY % Change
Total Income ₹ 66.4447 crs ₹62.8348 crs Up Tick / Down Tick5.75% ₹46.2989 crs Up Tick / Down Tick43.51%
Net Profit ₹0.2886 crs ₹4.0453 crs Up Tick / Down Tick-92.87% ₹1.8568 crs Up Tick / Down Tick-84.46 %
EPS ₹0.23 ₹3.19 Up Tick / Down Tick-92.79% ₹1.46 Up Tick / Down Tick-84.25%

For the 6 Months period ended September 30, 2021(Half Year Ended FY 2022), the company's total income was ₹129.2795 crore, against ₹56.4422 crore in the previous year (YoY) (Half Year Ended FY 2021).

The net profit / (loss) was at ₹4.3339 crore for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), compared to ₹-3.2841 crore in the previous year (YoY) (Half Year Ended FY 2021).

The Earnings Per Share stood at ₹3.42 for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), against ₹-2.59 in the previous year (YoY) (Half Year Ended FY 2021).

Financials Half Year Ended FY2022 Half Year Ended FY2021 % Change
Total Income ₹129.2795 crs ₹56.4422 crs Up Tick / Down Tick129.05%
Net Profit ₹4.3339 crs ₹-3.2841 crs Up Tick / Down Tick231.97%
EPS ₹3.42 ₹-2.59 Up Tick / Down Tick232.05%

Shares of IP RINGS LTD. was last trading in BSE at Rs. 125.25 as compared to the previous close of Rs. 124.85. The total number of shares traded during the day was 4945 in over 41 trades.

The stock hit an intraday high of Rs. 129.70 and intraday low of 121.10. The net turnover during the day was Rs. 617021.00.

Source : Equity Bulls

Keywords

IPRings Q2FY22 H1FY22 ResultUpdate