Bharat Wire Ropes Ltd Q1 FY2023 net profit jumps to Rs. 12.03 crores

Bharat Wire Ropes 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. 132.8952 crores during the period ended June 30, 2022 as compared to Rs. 134.7676 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs. 12.0389 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs. 7.7402 crores for the period ended March 31, 2022.

The company has reported EPS of Rs. 1.89 for the period ended June 30, 2022 as compared to Rs. 1.23 for the period ended March 31, 2022.

Financials	Q1 FY2023	Q4 FY2022	% Change
Total Income	₹ 132.8952 crs	₹134.7676 crs	-1.39%
Net Profit	₹12.0389 crs	₹7.7402 crs	55.54%
EPS	₹1.89	₹1.23	53.66%

Financial Results (Q1 FY2023) - YoY Comparison

The company has reported total income of Rs. 132.8952 crores during the period ended June 30, 2022 as compared to Rs.78.3458 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs.12.0389 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs.1.7926 crores for the period ended June 30, 2021.

The company has reported EPS of Rs.1.89 for the period ended June 30, 2022 as compared to Rs.0.29 for the period ended June 30, 2021.

Financials	Q1 FY2023	Q1 FY2022	% Change
Total Income	₹ 132.8952 crs	₹78.3458 crs	69.63%
Net Profit	₹12.0389 crs	₹1.7926 crs	571.59%
EPS	₹1.89	₹0.29	551.72%

Shares of Bharat Wire Ropes Limited was last trading in BSE at Rs. 66.60 as compared to the previous close of Rs. 63.00. The total number of shares traded during the day was 10425 in over 152 trades.

The stock hit an intraday high of Rs. 67.30 and intraday low of 62.15. The net turnover during the day was Rs. 677247.00.

Source : Equity Bulls

Keywords

BharatWireRopes Q1FY23 ResultUpdate