Garg Furnace Ltd Q1FY23 Net Profit at Rs. 37.48 lakhs

GARG FURNACE 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. 61.8226 crores during the period ended June 30, 2022 as compared to Rs. 48.1352 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs. 0.3748 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs. 2.4827 crores for the period ended March 31, 2022.

The company has reported EPS of Rs. 0.93 for the period ended June 30, 2022 as compared to Rs. 6.19 for the period ended March 31, 2022.

Financials	Q1 FY2023	Q4 FY2022	% Change
Total Income	₹ 61.8226 crs	₹48.1352 crs	28.44%
Net Profit	₹0.3748 crs	₹2.4827 crs	-84.90%
EPS	₹0.93	₹6.19	-84.98%

Financial Results (Q1 FY2023) - YoY Comparison

The company has reported total income of Rs. 61.8226 crores during the period ended June 30, 2022 as compared to Rs.35.9261 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs.0.3748 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs.0.8478 crores for the period ended June 30, 2021.

The company has reported EPS of Rs.0.93 for the period ended June 30, 2022 as compared to Rs.2.11 for the period ended June 30, 2021.

Financials	Q1 FY2023	Q1 FY2022	% Change
Total Income	₹ 61.8226 crs	₹35.9261 crs	72.08%
Net Profit	₹0.3748 crs	₹0.8478 crs	-55.79%
EPS	₹0.93	₹2.11	-55.92%

Shares of GARG FURNACE LTD. was last trading in BSE at Rs. 41.30 as compared to the previous close of Rs. 43.35. The total number of shares traded during the day was 3324 in over 24 trades.

The stock hit an intraday high of Rs. 45.50 and intraday low of 41.30. The net turnover during the day was Rs. 142070.00.

Source : Equity Bulls

Keywords

GargFurnace Q1FY23 ResultUpdate