Southern Magnesium and Chemicals Ltd Q2FY22 loss at Rs. 19.08 lakhs

The Board of Directors of , 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 ₹ 0.1258 crore, against ₹0.1731 crore in the corresponding quarter of the previous year (YoY) and ₹0.6707 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q2 FY2022), the company's net profit / (loss) was ₹-0.1908 crore, against ₹-0.2242 crore in the corresponding quarter of the previous year (YoY) and ₹0.1551 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q2 FY2022), the company's Earnings Per Share (EPS) was ₹-0.64, against ₹-0.75 in the corresponding quarter of the previous year (YoY) and ₹0.52 in previous quarter (QoQ).

Financials	Q2 FY2022	Q1 FY2022	QoQ % Change	Q2 FY2021	YoY % Change
Total Income	₹ 0.1258 crs	₹0.6707 crs	-81.24%	₹0.1731 crs	-27.33%
Net Profit	₹-0.1908 crs	₹0.1551 crs	-223.02%	₹-0.2242 crs	14.90 %
EPS	₹-0.64	₹0.52	-223.08%	₹-0.75	14.67%

For the 6 Months period ended September 30, 2021(Half Year Ended FY 2022), the company's total income was ₹0.7965 crore, against ₹0.9143 crore in the previous year (YoY) (Half Year Ended FY 2021).

The net profit / (loss) was at ₹-0.0358 crore for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), compared to ₹-0.0673 crore in the previous year (YoY) (Half Year Ended FY 2021).

The Earnings Per Share stood at ₹-0.12 for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), against ₹-0.22 in the previous year (YoY) (Half Year Ended FY 2021).

Financials	Half Year Ended FY2022	Half Year Ended FY2021	% Change
Total Income	₹0.7965 crs	₹0.9143 crs	-12.88%
Net Profit	₹-0.0358 crs	₹-0.0673 crs	46.81%
EPS	₹-0.12	₹-0.22	45.45%

Source : Equity Bulls

Keywords

SouthernMagnesiumandChemicals Q2FY22 H1FY22 ResultUpdate