Magadh Sugar and Energy Ltd Q2FY22 loss at Rs. 3.02 crore

The Board of Directors of Magadh Sugar & Energy 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 ₹ 198.4468 crore, against ₹212.0662 crore in the corresponding quarter of the previous year (YoY) and ₹252.7818 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q2 FY2022), the company's net profit / (loss) was ₹-3.0296 crore, against ₹-9.5687 crore in the corresponding quarter of the previous year (YoY) and ₹-3.9504 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q2 FY2022), the company's Earnings Per Share (EPS) was ₹-2.15, against ₹-6.79 in the corresponding quarter of the previous year (YoY) and ₹-2.80 in previous quarter (QoQ).

Financials	Q2 FY2022	Q1 FY2022	QoQ % Change	Q2 FY2021	YoY % Change
Total Income	₹ 198.4468 crs	₹252.7818 crs	-21.49%	₹212.0662 crs	-6.42%
Net Profit	₹-3.0296 crs	₹-3.9504 crs	23.31%	₹-9.5687 crs	68.34 %
EPS	₹-2.15	₹-2.80	23.21%	₹-6.79	68.34%

For the 6 Months period ended September 30, 2021(Half Year Ended FY 2022), the company's total income was ₹451.2286 crore, against ₹405.3865 crore in the previous year (YoY) (Half Year Ended FY 2021).

The net profit / (loss) was at ₹-6.98 crore for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), compared to ₹-9.3583 crore in the previous year (YoY) (Half Year Ended FY 2021).

The Earnings Per Share stood at ₹-4.95 for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), against ₹-6.64 in the previous year (YoY) (Half Year Ended FY 2021).

Financials	Half Year Ended FY2022	Half Year Ended FY2021	% Change
Total Income	₹451.2286 crs	₹405.3865 crs	11.31%
Net Profit	₹-6.98 crs	₹-9.3583 crs	25.41%
EPS	₹-4.95	₹-6.64	25.45%

Shares of Magadh Sugar & Energy Limited was last trading in BSE at Rs. 301.90 as compared to the previous close of Rs. 286.85. The total number of shares traded during the day was 5620 in over 425 trades.

The stock hit an intraday high of Rs. 310.50 and intraday low of 285.85. The net turnover during the day was Rs. 1674547.00.

Source : Equity Bulls

Keywords

MagadhSugarandEnergy Q2FY22 H1FY22 ResultUpdate