Indian Acrylics Ltd Q2FY22 consolidated loss widens to Rs. 21.81 crore

The Board of Directors of INDIAN ACRYLICS LTD., 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 ₹ 172.7352 crore, against ₹135.6155 crore in the corresponding quarter of the previous year (YoY) and ₹72.5641 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q2 FY2022), the company's net profit / (loss) was ₹-21.875 crore, against ₹-4.3074 crore in the corresponding quarter of the previous year (YoY) and ₹-18.6659 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q2 FY2022), the company's Earnings Per Share (EPS) was ₹-1.61, against ₹-0.32 in the corresponding quarter of the previous year (YoY) and ₹-1.38 in previous quarter (QoQ).

Financials	Q2 FY2022	Q1 FY2022	QoQ % Change	Q2 FY2021	YoY % Change
Total Income	₹ 172.7352 crs	₹72.5641 crs	138.04%	₹135.6155 crs	27.37%
Net Profit	₹-21.875 crs	₹-18.6659 crs	17.19%	₹-4.3074 crs	407.85 %
EPS	₹-1.61	₹-1.38	16.67%	₹-0.32	403.13%

For the 6 Months period ended September 30, 2021(Half Year Ended FY 2022), the company's total income was ₹245.2993 crore, against ₹178.4819 crore in the previous year (YoY) (Half Year Ended FY 2021).

The net profit / (loss) was at ₹-40.4834 crore for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), compared to ₹-26.3648 crore in the previous year (YoY) (Half Year Ended FY 2021).

The Earnings Per Share stood at ₹-2.99 for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), against ₹-1.95 in the previous year (YoY) (Half Year Ended FY 2021).

Financials	Half Year Ended FY2022	Half Year Ended FY2021	% Change
Total Income	₹245.2993 crs	₹178.4819 crs	37.44%
Net Profit	₹-40.4834 crs	₹-26.3648 crs	53.55%
EPS	₹-2.99	₹-1.95	53.33%

Shares of INDIAN ACRYLICS LTD. was last trading in BSE at Rs. 12.96 as compared to the previous close of Rs. 13.61. The total number of shares traded during the day was 264345 in over 783 trades.

The stock hit an intraday high of Rs. 13.85 and intraday low of 12.90. The net turnover during the day was Rs. 3459871.00.

Source : Equity Bulls

Keywords

IndianAcrylics Q2FY22 H1FY22 ResultUpdate