Visa Steel Ltd Q2FY22 Consolidated loss at Rs. 27.99 crore

The Board of Directors of Visa Steel 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 ₹ 262.551 crore, against ₹252.354 crore in the corresponding quarter of the previous year (YoY) and ₹247.457 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q2 FY2022), the company's net profit / (loss) was ₹-27.993 crore, against ₹-39.604 crore in the corresponding quarter of the previous year (YoY) and ₹-32.210 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q2 FY2022), the company's Earnings Per Share (EPS) was ₹-2.42, against ₹-3.42 in the corresponding quarter of the previous year (YoY) and ₹-2.78 in previous quarter (QoQ).

Financials	Q2 FY2022	Q1 FY2022	QoQ % Change	Q2 FY2021	YoY % Change
Total Income	₹ 262.551 crs	₹247.457 crs	6.10%	₹252.354 crs	4.04%
Net Profit	₹-27.993 crs	₹-32.210 crs	13.09%	₹-39.604 crs	29.32 %
EPS	₹-2.42	₹-2.78	12.95%	₹-3.42	29.24%

For the 6 Months period ended September 30, 2021(Half Year Ended FY 2022), the company's total income was ₹510.008 crore, against ₹352.957 crore in the previous year (YoY) (Half Year Ended FY 2021).

The net profit / (loss) was at ₹-60.203 crore for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), compared to ₹-85.984 crore in the previous year (YoY) (Half Year Ended FY 2021).

The Earnings Per Share stood at ₹-5.20 for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), against ₹-7.43 in the previous year (YoY) (Half Year Ended FY 2021).

Financials	Half Year Ended FY2022	Half Year Ended FY2021	% Change
Total Income	₹510.008 crs	₹352.957 crs	44.50%
Net Profit	₹-60.203 crs	₹-85.984 crs	29.98%
EPS	₹-5.20	₹-7.43	30.01%

Shares of Visa Steel Limited was last trading in BSE at Rs. 15.85 as compared to the previous close of Rs. 16.05. The total number of shares traded during the day was 8975 in over 46 trades.

The stock hit an intraday high of Rs. 16.05 and intraday low of 15.30. The net turnover during the day was Rs. 139790.00.

Source : Equity Bulls

Keywords

VisaSteel Q2FY22 H1FY22 ResultUpdate