Amforge Industries Ltd Q1FY23 profit slumps to Rs. 4.41 lakhs

AMFORGE INDUSTRIES 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. 0.6573 crores during the period ended June 30, 2022 as compared to Rs. 0.6749 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs. 0.0441 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs. 1.2127 crores for the period ended March 31, 2022.

The company has reported EPS of Rs. 0.03 for the period ended June 30, 2022 as compared to Rs. 0.84 for the period ended March 31, 2022.

Financials	Q1 FY2023	Q4 FY2022	% Change
Total Income	₹ 0.6573 crs	₹0.6749 crs	-2.61%
Net Profit	₹0.0441 crs	₹1.2127 crs	-96.36%
EPS	₹0.03	₹0.84	-96.43%

Financial Results (Q1 FY2023) - YoY Comparison

The company has reported total income of Rs. 0.6573 crores during the period ended June 30, 2022 as compared to Rs.0.6598 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs.0.0441 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs.0.1449 crores for the period ended June 30, 2021.

The company has reported EPS of Rs.0.03 for the period ended June 30, 2022 as compared to Rs.0.10 for the period ended June 30, 2021.

Financials	Q1 FY2023	Q1 FY2022	% Change
Total Income	₹ 0.6573 crs	₹0.6598 crs	-0.38%
Net Profit	₹0.0441 crs	₹0.1449 crs	-69.57%
EPS	₹0.03	₹0.10	-70.00%

Shares of AMFORGE INDUSTRIES LTD. was last trading in BSE at Rs. 6.64 as compared to the previous close of Rs. 6.44. The total number of shares traded during the day was 3436 in over 40 trades.

The stock hit an intraday high of Rs. 6.89 and intraday low of 6.26. The net turnover during the day was Rs. 22220.00.

Source : Equity Bulls

Keywords

AmforgeIndustries Q1FY23 ResultUpdate