Aksharchem India Ltd posts slide in net profit to Rs. 1.46 crore during Q1 FY2023

AksharChem India Limited 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. 114.5531 crores during the period ended June 30, 2022 as compared to Rs. 112.1677 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs. 1.4611 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs. 2.6843 crores for the period ended March 31, 2022.

The company has reported EPS of Rs. 1.82 for the period ended June 30, 2022 as compared to Rs. 3.37 for the period ended March 31, 2022.

Financials	Q1 FY2023	Q4 FY2022	% Change
Total Income	₹ 114.5531 crs	₹112.1677 crs	2.13%
Net Profit	₹1.4611 crs	₹2.6843 crs	-45.57%
EPS	₹1.82	₹3.37	-45.99%

Financial Results (Q1 FY2023) - YoY Comparison

The company has reported total income of Rs. 114.5531 crores during the period ended June 30, 2022 as compared to Rs.95.8975 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs.1.4611 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs.4.8296 crores for the period ended June 30, 2021.

The company has reported EPS of Rs.1.82 for the period ended June 30, 2022 as compared to Rs.5.89 for the period ended June 30, 2021.

Financials	Q1 FY2023	Q1 FY2022	% Change
Total Income	₹ 114.5531 crs	₹95.8975 crs	19.45%
Net Profit	₹1.4611 crs	₹4.8296 crs	-69.75%
EPS	₹1.82	₹5.89	-69.10%

Shares of AksharChem India Limited was last trading in BSE at Rs. 281.50 as compared to the previous close of Rs. 281.55. The total number of shares traded during the day was 1181 in over 103 trades.

The stock hit an intraday high of Rs. 284.55 and intraday low of 271.05. The net turnover during the day was Rs. 332953.00.

Source : Equity Bulls

Keywords

AksharChemIndia Q1FY23 ResultUpdate