Bihar Sponge Iron Ltd Q1 FY2023 profit lower at Rs. 53.03 lakhs

BIHAR SPONGE IRON 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. 112.5938 crores during the period ended June 30, 2022 as compared to Rs. 65.3140 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs. 0.5303 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs. 2.6939 crores for the period ended March 31, 2022.

The company has reported EPS of Rs. 0.06 for the period ended June 30, 2022 as compared to Rs. 0.30 for the period ended March 31, 2022.

Financials	Q1 FY2023	Q4 FY2022	% Change
Total Income	₹ 112.5938 crs	₹65.3140 crs	72.39%
Net Profit	₹0.5303 crs	₹2.6939 crs	-80.31%
EPS	₹0.06	₹0.30	-80.00%

Financial Results (Q1 FY2023) - YoY Comparison

The company has reported total income of Rs. 112.5938 crores during the period ended June 30, 2022 as compared to Rs.14.8406 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs.0.5303 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs.4.0850 crores for the period ended June 30, 2021.

The company has reported EPS of Rs.0.06 for the period ended June 30, 2022 as compared to Rs.0.45 for the period ended June 30, 2021.

Financials	Q1 FY2023	Q1 FY2022	% Change
Total Income	₹ 112.5938 crs	₹14.8406 crs	658.69%
Net Profit	₹0.5303 crs	₹4.0850 crs	-87.02%
EPS	₹0.06	₹0.45	-86.67%

Shares of BIHAR SPONGE IRON LTD. was last trading in BSE at Rs. 8.95 as compared to the previous close of Rs. 8.82. The total number of shares traded during the day was 20294 in over 112 trades.

The stock hit an intraday high of Rs. 9.24 and intraday low of 8.60. The net turnover during the day was Rs. 180836.00.

Source : Equity Bulls

Keywords

BiharSpongeIron Q1FY23 ResultUpdate