Vishal Bearings Ltd posts loss of Rs. 87.78 lakhs in Q1FY23

Vishal Bearings 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. 24.0567 crores during the period ended June 30, 2022 as compared to Rs. 28.3690 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs. -0.8778 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs. 1.4463 crores for the period ended March 31, 2022.

The company has reported EPS of Rs. -1.12 for the period ended June 30, 2022 as compared to Rs. 1.34 for the period ended March 31, 2022.

Financials	Q1 FY2023	Q4 FY2022	% Change
Total Income	₹ 24.0567 crs	₹28.3690 crs	-15.20%
Net Profit	₹-0.8778 crs	₹1.4463 crs	-160.69%
EPS	₹-1.12	₹1.34	-183.58%

Financial Results (Q1 FY2023) - YoY Comparison

The company has reported total income of Rs. 24.0567 crores during the period ended June 30, 2022 as compared to Rs.19.7616 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs.-0.8778 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs.0.0776 crores for the period ended June 30, 2021.

The company has reported EPS of Rs.-1.12 for the period ended June 30, 2022 as compared to Rs.0.25 for the period ended June 30, 2021.

Financials	Q1 FY2023	Q1 FY2022	% Change
Total Income	₹ 24.0567 crs	₹19.7616 crs	21.73%
Net Profit	₹-0.8778 crs	₹0.0776 crs	-1,231.19%
EPS	₹-1.12	₹0.25	-548.00%

Shares of Vishal Bearings Ltd was last trading in BSE at Rs. 57.40 as compared to the previous close of Rs. 57.75. The total number of shares traded during the day was 1460 in over 31 trades.

The stock hit an intraday high of Rs. 59.95 and intraday low of 56.00. The net turnover during the day was Rs. 84050.00.

Source : Equity Bulls

Keywords

VishalBearings Q1FY23 ResultUpdate