NITCO Ltd consolidated Q1FY23 loss at Rs. 38.50 crores

Nitco Limited has reported Consolidated financial results for the period ended June 30, 2022.

Financial Results (Q1 FY2023) - QoQ Comparison

The company has reported total income of Rs. 92.7532 crores during the period ended June 30, 2022 as compared to Rs. 121.2625 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs. -38.5086 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs. -37.2475 crores for the period ended March 31, 2022.

The company has reported EPS of Rs. -5.31 for the period ended June 30, 2022 as compared to Rs. -5.14 for the period ended March 31, 2022.

Financials	Q1 FY2023	Q4 FY2022	% Change
Total Income	₹ 92.7532 crs	₹121.2625 crs	-23.51%
Net Profit	₹-38.5086 crs	₹-37.2475 crs	3.39%
EPS	₹-5.31	₹-5.14	3.31%

Financial Results (Q1 FY2023) - YoY Comparison

The company has reported total income of Rs. 92.7532 crores during the period ended June 30, 2022 as compared to Rs.80.8306 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs.-38.5086 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs.-31.5575 crores for the period ended June 30, 2021.

The company has reported EPS of Rs.-5.31 for the period ended June 30, 2022 as compared to Rs.-4.44 for the period ended June 30, 2021.

Financials	Q1 FY2023	Q1 FY2022	% Change
Total Income	₹ 92.7532 crs	₹80.8306 crs	14.75%
Net Profit	₹-38.5086 crs	₹-31.5575 crs	22.03%
EPS	₹-5.31	₹-4.44	19.59%

Shares of Nitco Limited was last trading in BSE at Rs. 24.00 as compared to the previous close of Rs. 24.30. The total number of shares traded during the day was 14472 in over 367 trades.

The stock hit an intraday high of Rs. 24.90 and intraday low of 23.80. The net turnover during the day was Rs. 351341.00.

Source : Equity Bulls

Keywords

NITCO Q1FY23 ResultUpdate