Hitech Corporation Ltd Q1FY23 net profit lower at Rs. 6.34 crores

Hitech Corporation 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. 148.5620 crores during the period ended June 30, 2022 as compared to Rs. 150.2238 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs. 6.3407 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs. 8.3427 crores for the period ended March 31, 2022.

The company has reported EPS of Rs. 3.69 for the period ended June 30, 2022 as compared to Rs. 4.86 for the period ended March 31, 2022.

Financials	Q1 FY2023	Q4 FY2022	% Change
Total Income	₹ 148.5620 crs	₹150.2238 crs	-1.11%
Net Profit	₹6.3407 crs	₹8.3427 crs	-24.00%
EPS	₹3.69	₹4.86	-24.07%

Financial Results (Q1 FY2023) - YoY Comparison

The company has reported total income of Rs. 148.5620 crores during the period ended June 30, 2022 as compared to Rs.130.8122 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs.6.3407 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs.7.4974 crores for the period ended June 30, 2021.

The company has reported EPS of Rs.3.69 for the period ended June 30, 2022 as compared to Rs.4.37 for the period ended June 30, 2021.

Financials	Q1 FY2023	Q1 FY2022	% Change
Total Income	₹ 148.5620 crs	₹130.8122 crs	13.57%
Net Profit	₹6.3407 crs	₹7.4974 crs	-15.43%
EPS	₹3.69	₹4.37	-15.56%

Shares of Hitech Corporation Limited was last trading in BSE at Rs. 261.15 as compared to the previous close of Rs. 263.55. The total number of shares traded during the day was 2415 in over 168 trades.

The stock hit an intraday high of Rs. 270.00 and intraday low of 252.50. The net turnover during the day was Rs. 636815.00.

Source : Equity Bulls

Keywords

HitechCorporation Q1FY23 ResultUpdate