Laxmi Organic Industries Ltd Q2FY22 consolidated net profit slides to Rs. 14.56 crore

The Board of Directors of Laxmi Organic Industries Limited, at its meeting held today have approved the unaudited Consolidated 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 ₹ 614.773 crore, against ₹410.217 crore in the corresponding quarter of the previous year (YoY) and ₹740.625 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q2 FY2022), the company's net profit / (loss) was ₹14.567 crore, against ₹24.033 crore in the corresponding quarter of the previous year (YoY) and ₹102.325 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q2 FY2022), the company's Earnings Per Share (EPS) was ₹0.39, against ₹1.07 in the corresponding quarter of the previous year (YoY) and ₹3.85 in previous quarter (QoQ).

Financials	Q2 FY2022	Q1 FY2022	QoQ % Change	Q2 FY2021	YoY % Change
Total Income	₹ 614.773 crs	₹740.625 crs	-16.99%	₹410.217 crs	49.87%
Net Profit	₹14.567 crs	₹102.325 crs	-85.76%	₹24.033 crs	-39.39 %
EPS	₹0.39	₹3.85	-89.87%	₹1.07	-63.55%

For the 6 Months period ended September 30, 2021(Half Year Ended FY 2022), the company's total income was ₹1355.398 crore, against ₹814.355 crore in the previous year (YoY) (Half Year Ended FY 2021).

The net profit / (loss) was at ₹116.892 crore for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), compared to ₹45.384 crore in the previous year (YoY) (Half Year Ended FY 2021).

The Earnings Per Share stood at ₹4.24 for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), against ₹2.02 in the previous year (YoY) (Half Year Ended FY 2021).

Financials	Half Year Ended FY2022	Half Year Ended FY2021	% Change
Total Income	₹1355.398 crs	₹814.355 crs	66.44%
Net Profit	₹116.892 crs	₹45.384 crs	157.56%
EPS	₹4.24	₹2.02	109.90%

Shares of Laxmi Organic Industries Limited was last trading in BSE at Rs. 430.90 as compared to the previous close of Rs. 434.40. The total number of shares traded during the day was 86125 in over 3607 trades.

The stock hit an intraday high of Rs. 437.55 and intraday low of 415.30. The net turnover during the day was Rs. 36586208.00.

Source : Equity Bulls

Keywords

LaxmiOrganicIndustries Q2FY22 H1FY22 ResultUpdate