Aarvee Denims and Exports Ltd Q1FY23 loss at Rs. 10.03 crores

Aarvee Denims & Exports 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. 110.3745 crores during the period ended June 30, 2022 as compared to Rs. 111.8164 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs. -10.0316 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs. -12.1768 crores for the period ended March 31, 2022.

The company has reported EPS of Rs. -4.28 for the period ended June 30, 2022 as compared to Rs. -5.19 for the period ended March 31, 2022.

Financials	Q1 FY2023	Q4 FY2022	% Change
Total Income	₹ 110.3745 crs	₹111.8164 crs	-1.29%
Net Profit	₹-10.0316 crs	₹-12.1768 crs	17.62%
EPS	₹-4.28	₹-5.19	17.53%

Financial Results (Q1 FY2023) - YoY Comparison

The company has reported total income of Rs. 110.3745 crores during the period ended June 30, 2022 as compared to Rs.73.9827 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs.-10.0316 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs.-2.8603 crores for the period ended June 30, 2021.

The company has reported EPS of Rs.-4.28 for the period ended June 30, 2022 as compared to Rs.-1.22 for the period ended June 30, 2021.

Financials	Q1 FY2023	Q1 FY2022	% Change
Total Income	₹ 110.3745 crs	₹73.9827 crs	49.19%
Net Profit	₹-10.0316 crs	₹-2.8603 crs	250.72%
EPS	₹-4.28	₹-1.22	250.82%

Shares of Aarvee Denims & Exports Limited was last trading in BSE at Rs. 21.90 as compared to the previous close of Rs. 21.85. The total number of shares traded during the day was 796 in over 49 trades.

The stock hit an intraday high of Rs. 21.95 and intraday low of 21.10. The net turnover during the day was Rs. 17138.00.

Source : Equity Bulls

Keywords

AarveeDenimsandExports Q1FY23 ResultUpdate