Bharat Wire Ropes Ltd Q2FY22 net profit slips QoQ to Rs. 1.06 crore

The Board of Directors of Bharat Wire Ropes 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 ₹ 94.4319 crore, against ₹70.0025 crore in the corresponding quarter of the previous year (YoY) and ₹78.3458 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q2 FY2022), the company's net profit / (loss) was ₹1.0650 crore, against ₹-14.0923 crore in the corresponding quarter of the previous year (YoY) and ₹1.7926 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q2 FY2022), the company's Earnings Per Share (EPS) was ₹0.17, against ₹-3.13 in the corresponding quarter of the previous year (YoY) and ₹0.29 in previous quarter (QoQ).

Financials	Q2 FY2022	Q1 FY2022	QoQ % Change	Q2 FY2021	YoY % Change
Total Income	₹ 94.4319 crs	₹78.3458 crs	20.53%	₹70.0025 crs	34.90%
Net Profit	₹1.0650 crs	₹1.7926 crs	-40.59%	₹-14.0923 crs	107.56 %
EPS	₹0.17	₹0.29	-41.38%	₹-3.13	105.43%

For the 6 Months period ended September 30, 2021(Half Year Ended FY 2022), the company's total income was ₹172.7777 crore, against ₹117.4097 crore in the previous year (YoY) (Half Year Ended FY 2021).

The net profit / (loss) was at ₹2.9576 crore for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), compared to ₹-31.5434 crore in the previous year (YoY) (Half Year Ended FY 2021).

The Earnings Per Share stood at ₹0.47 for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), against ₹-7.02 in the previous year (YoY) (Half Year Ended FY 2021).

Financials	Half Year Ended FY2022	Half Year Ended FY2021	% Change
Total Income	₹172.7777 crs	₹117.4097 crs	47.16%
Net Profit	₹2.9576 crs	₹-31.5434 crs	109.38%
EPS	₹0.47	₹-7.02	106.70%

Shares of Bharat Wire Ropes Limited was last trading in BSE at Rs. 61.50 as compared to the previous close of Rs. 59.80. The total number of shares traded during the day was 3775 in over 111 trades.

The stock hit an intraday high of Rs. 61.80 and intraday low of 59.90. The net turnover during the day was Rs. 230860.00.

Source : Equity Bulls

Keywords

BharatWireRopes Q2FY22 H1FY22 ResultUpdate