Garware Synthetics Ltd Q2 FY2021-22 net profit climbs to Rs. 24.27 lakhs

The Board of Directors of GARWARE SYNTHETICS 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 ₹ 3.3720 crore, against ₹2.2755 crore in the corresponding quarter of the previous year (YoY) and ₹2.2626 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q2 FY2022), the company's net profit / (loss) was ₹0.2427 crore, against ₹0.2148 crore in the corresponding quarter of the previous year (YoY) and ₹0.0556 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q2 FY2022), the company's Earnings Per Share (EPS) was ₹0.42, against ₹0.37 in the corresponding quarter of the previous year (YoY) and ₹0.10 in previous quarter (QoQ).

Financials	Q2 FY2022	Q1 FY2022	QoQ % Change	Q2 FY2021	YoY % Change
Total Income	₹ 3.3720 crs	₹2.2626 crs	49.03%	₹2.2755 crs	48.19%
Net Profit	₹0.2427 crs	₹0.0556 crs	336.51%	₹0.2148 crs	12.99 %
EPS	₹0.42	₹0.10	320.00%	₹0.37	13.51%

For the 6 Months period ended September 30, 2021(Half Year Ended FY 2022), the company's total income was ₹5.6345 crore, against ₹2.9280 crore in the previous year (YoY) (Half Year Ended FY 2021).

The net profit / (loss) was at ₹0.2983 crore for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), compared to ₹0.1686 crore in the previous year (YoY) (Half Year Ended FY 2021).

The Earnings Per Share stood at ₹0.51 for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), against ₹0.29 in the previous year (YoY) (Half Year Ended FY 2021).

Financials	Half Year Ended FY2022	Half Year Ended FY2021	% Change
Total Income	₹5.6345 crs	₹2.9280 crs	92.44%
Net Profit	₹0.2983 crs	₹0.1686 crs	76.93%
EPS	₹0.51	₹0.29	75.86%

Shares of GARWARE SYNTHETICS LTD. was last trading in BSE at Rs. 11.95 as compared to the previous close of Rs. 11.40. The total number of shares traded during the day was 302 in over 2 trades.

The stock hit an intraday high of Rs. 11.95 and intraday low of 11.95. The net turnover during the day was Rs. 3608.00.

Source : Equity Bulls

Keywords

GarwareSynthetics Q2FY22 H1FY22 ResultUpdate