Sri Nachammai Cotton Mills Ltd Q1 FY23 net profit slips QoQ to Rs. 1.48 crore

SRI NACHAMMAI COTTON MILLS 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. 39.9886 crores during the period ended June 30, 2022 as compared to Rs. 56.3868 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs. 1.4835 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs. 2.6388 crores for the period ended March 31, 2022.

The company has reported EPS of Rs. 3.46 for the period ended June 30, 2022 as compared to Rs. 6.16 for the period ended March 31, 2022.

Financials	Q1 FY2023	Q4 FY2022	% Change
Total Income	₹ 39.9886 crs	₹56.3868 crs	-29.08%
Net Profit	₹1.4835 crs	₹2.6388 crs	-43.78%
EPS	₹3.46	₹6.16	-43.83%

Financial Results (Q1 FY2023) - YoY Comparison

The company has reported total income of Rs. 39.9886 crores during the period ended June 30, 2022 as compared to Rs.32.7608 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs.1.4835 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs.0.4988 crores for the period ended June 30, 2021.

The company has reported EPS of Rs.3.46 for the period ended June 30, 2022 as compared to Rs.1.16 for the period ended June 30, 2021.

Financials	Q1 FY2023	Q1 FY2022	% Change
Total Income	₹ 39.9886 crs	₹32.7608 crs	22.06%
Net Profit	₹1.4835 crs	₹0.4988 crs	197.41%
EPS	₹3.46	₹1.16	198.28%

Shares of SRI NACHAMMAI COTTON MILLS LTD. was last trading in BSE at Rs. 53.00 as compared to the previous close of Rs. 52.70. The total number of shares traded during the day was 524 in over 8 trades.

The stock hit an intraday high of Rs. 54.95 and intraday low of 53.00. The net turnover during the day was Rs. 28358.00.

Source : Equity Bulls

Keywords

SriNachammaiCottonMills Q1FY23 ResultUpdate