Southern Magnesium and Chemicals Ltd Q1FY23 PAT zooms to Rs. 1.32 crore

SOUTHERN MAGNESIUM & CHEMICALS LTD. 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. 2.9319 crores during the period ended June 30, 2022 as compared to Rs. 0.1705 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs. 1.3264 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs. -0.2103 crores for the period ended March 31, 2022.

The company has reported EPS of Rs. 4.42 for the period ended June 30, 2022 as compared to Rs. -0.70 for the period ended March 31, 2022.

Financials	Q1 FY2023	Q4 FY2022	% Change
Total Income	₹ 2.9319 crs	₹0.1705 crs	1,619.59%
Net Profit	₹1.3264 crs	₹-0.2103 crs	730.72%
EPS	₹4.42	₹-0.70	731.43%

Financial Results (Q1 FY2023) - YoY Comparison

The company has reported total income of Rs. 2.9319 crores during the period ended June 30, 2022 as compared to Rs.0.6707 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs.1.3264 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs.0.1552 crores for the period ended June 30, 2021.

The company has reported EPS of Rs.4.42 for the period ended June 30, 2022 as compared to Rs.0.52 for the period ended June 30, 2021.

Financials	Q1 FY2023	Q1 FY2022	% Change
Total Income	₹ 2.9319 crs	₹0.6707 crs	337.14%
Net Profit	₹1.3264 crs	₹0.1552 crs	754.64%
EPS	₹4.42	₹0.52	750.00%

Shares of SOUTHERN MAGNESIUM & CHEMICALS LTD. was last trading in BSE at Rs. 27.85 as compared to the previous close of Rs. 26.60. The total number of shares traded during the day was 627 in over 13 trades.

The stock hit an intraday high of Rs. 27.90 and intraday low of 25.30. The net turnover during the day was Rs. 16920.00.

Source : Equity Bulls

Keywords

SouthernMagnesiumandChemicals Q1FY23 ResultUpdate