TIPS Industries Ltd Q1 FY2022-23 net profit up at Rs. 17.17 crores

TIPS Industries 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. 35.2626 crores during the period ended June 30, 2022 as compared to Rs. 35.4814 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs. 17.1793 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs. 15.9260 crores for the period ended March 31, 2022.

The company has reported EPS of Rs. 13.25 for the period ended June 30, 2022 as compared to Rs. 12.28 for the period ended March 31, 2022.

Financials	Q1 FY2023	Q4 FY2022	% Change
Total Income	₹ 35.2626 crs	₹35.4814 crs	-0.62%
Net Profit	₹17.1793 crs	₹15.9260 crs	7.87%
EPS	₹13.25	₹12.28	7.90%

Financial Results (Q1 FY2023) - YoY Comparison

The company has reported total income of Rs. 35.2626 crores during the period ended June 30, 2022 as compared to Rs.28.7249 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs.17.1793 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs.15.6298 crores for the period ended June 30, 2021.

The company has reported EPS of Rs.13.25 for the period ended June 30, 2022 as compared to Rs.12.05 for the period ended June 30, 2021.

Financials	Q1 FY2023	Q1 FY2022	% Change
Total Income	₹ 35.2626 crs	₹28.7249 crs	22.76%
Net Profit	₹17.1793 crs	₹15.6298 crs	9.91%
EPS	₹13.25	₹12.05	9.96%

Shares of TIPS Industries Limited was last trading in BSE at Rs. 1782.90 as compared to the previous close of Rs. 1802.50. The total number of shares traded during the day was 778 in over 293 trades.

The stock hit an intraday high of Rs. 1831.55 and intraday low of 1752.10. The net turnover during the day was Rs. 1397379.00.

Source : Equity Bulls

Keywords

TIPSIndustries Q1FY23 ResultUpdate