Sovereign Diamonds Ltd Q1FY23 profit up at Rs. 52.23 lakhs

SOVEREIGN DIAMONDS 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. 7.3093 crores during the period ended June 30, 2022 as compared to Rs. 5.5270 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs. 0.5223 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs. 0.2213 crores for the period ended March 31, 2022.

The company has reported EPS of Rs. 0.90 for the period ended June 30, 2022 as compared to Rs. 0.38 for the period ended March 31, 2022.

Financials	Q1 FY2023	Q4 FY2022	% Change
Total Income	₹ 7.3093 crs	₹5.5270 crs	32.25%
Net Profit	₹0.5223 crs	₹0.2213 crs	136.01%
EPS	₹0.90	₹0.38	136.84%

Financial Results (Q1 FY2023) - YoY Comparison

The company has reported total income of Rs. 7.3093 crores during the period ended June 30, 2022 as compared to Rs.2.6556 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs.0.5223 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs.-0.5598 crores for the period ended June 30, 2021.

The company has reported EPS of Rs.0.90 for the period ended June 30, 2022 as compared to Rs.-0.97 for the period ended June 30, 2021.

Financials	Q1 FY2023	Q1 FY2022	% Change
Total Income	₹ 7.3093 crs	₹2.6556 crs	175.24%
Net Profit	₹0.5223 crs	₹-0.5598 crs	193.30%
EPS	₹0.90	₹-0.97	192.78%

Shares of SOVEREIGN DIAMONDS LTD. was last trading in BSE at Rs. 14.35 as compared to the previous close of Rs. 14.32. The total number of shares traded during the day was 500 in over 2 trades.

The stock hit an intraday high of Rs. 14.35 and intraday low of 14.35. The net turnover during the day was Rs. 7175.00.

Source : Equity Bulls

Keywords

SovereignDiamonds Q1FY23 ResultUpdate