Steel Strips Wheels Ltd Q1FY23 net profit down at Rs. 48.12 crores

Steel Strips Wheels Limited has reported Standalone financial results for the period ended June 30, 2022.

Financial Results (Q1 FY2023) - QoQ Comparison

The company has reported total income of Rs. 1016.1140 crores during the period ended June 30, 2022 as compared to Rs. 1068.7382 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs. 48.1295 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs. 48.8851 crores for the period ended March 31, 2022.

The company has reported EPS of Rs. 15.41 for the period ended June 30, 2022 as compared to Rs. 15.62 for the period ended March 31, 2022.

Financials	Q1 FY2023	Q4 FY2022	% Change
Total Income	₹ 1016.1140 crs	₹1068.7382 crs	-4.92%
Net Profit	₹48.1295 crs	₹48.8851 crs	-1.55%
EPS	₹15.41	₹15.62	-1.34%

Financial Results (Q1 FY2023) - YoY Comparison

The company has reported total income of Rs. 1016.1140 crores during the period ended June 30, 2022 as compared to Rs.680.3997 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs.48.1295 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs.51.0848 crores for the period ended June 30, 2021.

The company has reported EPS of Rs.15.41 for the period ended June 30, 2022 as compared to Rs.16.33 for the period ended June 30, 2021.

Financials	Q1 FY2023	Q1 FY2022	% Change
Total Income	₹ 1016.1140 crs	₹680.3997 crs	49.34%
Net Profit	₹48.1295 crs	₹51.0848 crs	-5.79%
EPS	₹15.41	₹16.33	-5.63%

Shares of Steel Strips Wheels Limited was last trading in BSE at Rs. 843.55 as compared to the previous close of Rs. 812.20. The total number of shares traded during the day was 727 in over 239 trades.

The stock hit an intraday high of Rs. 846.45 and intraday low of 823.45. The net turnover during the day was Rs. 607096.00.

Source : Equity Bulls

Keywords

SSWL Q1FY23 ResultUpdate SteelStripsWheels