Hemang Resources Q3 FY2021-22 net profit surges to Rs. 6.54 crores

Hemang Resources Ltd has reported Standalone financial results for the period ended December 31, 2021.

Financial Results (Q3 FY2022) - QoQ Comparison

The company has reported total income of Rs. 12.7541 crores during the period ended December 31, 2021 as compared to Rs. 11.1363 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs. 6.5479 crores for the period ended December 31, 2021 as against net profit / (loss) of Rs. 0.3517 crores for the period ended September 30, 2021.

The company has reported EPS of Rs. 4.96 for the period ended December 31, 2021 as compared to Rs. 0.27 for the period ended September 30, 2021.

Financials	Q3 FY2022	Q2 FY2022	% Change
Total Income	₹ 12.7541 crs	₹11.1363 crs	14.53%
Net Profit	₹6.5479 crs	₹0.3517 crs	1,761.79%
EPS	₹4.96	₹0.27	1,737.04%

Financial Results (Q3 FY2022) - YoY Comparison

The company has reported total income of Rs. 12.7541 crores during the period ended December 31, 2021 as compared to Rs.0.0741 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.6.5479 crores for the period ended December 31, 2021 as against net profit / (loss) of Rs.-5.4710 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.4.96 for the period ended December 31, 2021 as compared to Rs.-4.14 for the period ended December 31, 2020.

Financials	Q3 FY2022	Q3 FY2021	% Change
Total Income	₹ 12.7541 crs	₹0.0741 crs	17,112.01%
Net Profit	₹6.5479 crs	₹-5.4710 crs	219.68%
EPS	₹4.96	₹-4.14	219.81%

Financial Results (9 Months Ended FY2022) - YoY Comparison

The company has reported total income of Rs.23.9157 crores during the 9 Months period ended December 31, 2021 as compared to Rs.13.2720 crores during the 9 Months period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.6.4934 crores for the 9 Months period ended December 31, 2021 as against net profit / (loss) of Rs.-6.4425 crores for the 9 Months period ended December 31, 2020.

The company has reported EPS of Rs.4.92 for the 9 Months period ended December 31, 2021 as compared to Rs.-4.88 for the 9 Months period ended December 31, 2020.

Financials	9 Months Ended FY2022	9 Months Ended FY2021	% Change
Total Income	₹23.9157 crs	₹13.2720 crs	80.20%
Net Profit	₹6.4934 crs	₹-6.4425 crs	200.79%
EPS	₹4.92	₹-4.88	200.82%

Shares of Hemang Resources Ltd was last trading in BSE at Rs. 6.17 as compared to the previous close of Rs. 5.88. The total number of shares traded during the day was 7213 in over 8 trades.

The stock hit an intraday high of Rs. 6.17 and intraday low of 6.17. The net turnover during the day was Rs. 44504.00.

Source : Equity Bulls

Keywords

HemangResources Q3FY22 9MFY22 ResultUpdate