Igarashi Motors India Ltd posts Rs. 4.20 crores loss in Q1FY23

Igarashi Motors 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. 142.9170 crores during the period ended June 30, 2022 as compared to Rs. 138.2775 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs. -4.2030 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs. -3.2810 crores for the period ended March 31, 2022.

The company has reported EPS of Rs. -1.34 for the period ended June 30, 2022 as compared to Rs. -1.04 for the period ended March 31, 2022.

Financials	Q1 FY2023	Q4 FY2022	% Change
Total Income	₹ 142.9170 crs	₹138.2775 crs	3.36%
Net Profit	₹-4.2030 crs	₹-3.2810 crs	28.10%
EPS	₹-1.34	₹-1.04	28.85%

Financial Results (Q1 FY2023) - YoY Comparison

The company has reported total income of Rs. 142.9170 crores during the period ended June 30, 2022 as compared to Rs.149.1377 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs.-4.2030 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs.3.7515 crores for the period ended June 30, 2021.

The company has reported EPS of Rs.-1.34 for the period ended June 30, 2022 as compared to Rs.1.19 for the period ended June 30, 2021.

Financials	Q1 FY2023	Q1 FY2022	% Change
Total Income	₹ 142.9170 crs	₹149.1377 crs	-4.17%
Net Profit	₹-4.2030 crs	₹3.7515 crs	-212.04%
EPS	₹-1.34	₹1.19	-212.61%

Shares of Igarashi Motors India Limited was last trading in BSE at Rs. 332.50 as compared to the previous close of Rs. 350.40. The total number of shares traded during the day was 11253 in over 944 trades.

The stock hit an intraday high of Rs. 350.50 and intraday low of 321.00. The net turnover during the day was Rs. 3779116.00.

Source : Equity Bulls

Keywords

IgarashiMotorsIndia Q1FY23 ResultUpdate