Raw Edge Industrial Solutions Ltd Q2FY2023 net profit at Rs. 16.95 lakhs

Raw Edge Industrial Solutions Ltd has reported Standalone financial results for the period ended September 30, 2022.

Financial Results (Q2 FY2023) - QoQ Comparison

The company has reported total income of Rs. 14.5511 crores during the period ended September 30, 2022 as compared to Rs. 15.8687 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs. 0.1695 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs. 0.4583 crores for the period ended June 30, 2022.

The company has reported EPS of Rs. 0.169 for the period ended September 30, 2022 as compared to Rs. 0.456 for the period ended June 30, 2022.

Financials	Q2 FY2023	Q1 FY2023	% Change
Total Income	₹ 14.5511 crs	₹15.8687 crs	-8.30%
Net Profit	₹0.1695 crs	₹0.4583 crs	-63.02%
EPS	₹0.169	₹0.456	-62.94%

Financial Results (Q2 FY2023) - YoY Comparison

The company has reported total income of Rs. 14.5511 crores during the period ended September 30, 2022 as compared to Rs.9.4617 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.0.1695 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs.-0.2405 crores for the period ended September 30, 2021.

The company has reported EPS of Rs.0.169 for the period ended September 30, 2022 as compared to Rs.-0.239 for the period ended September 30, 2021.

Financials	Q2 FY2023	Q2 FY2022	% Change
Total Income	₹ 14.5511 crs	₹9.4617 crs	53.79%
Net Profit	₹0.1695 crs	₹-0.2405 crs	170.48%
EPS	₹0.169	₹-0.239	170.71%

Financial Results (Half Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.30.4199 crores during the 6 Months period ended September 30, 2022 as compared to Rs.18.0457 crores during the 6 Months period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.0.6279 crores for the 6 Months period ended September 30, 2022 as against net profit / (loss) of Rs.-1.4230 crores for the 6 Months period ended September 30, 2021.

The company has reported EPS of Rs.0.624 for the 6 Months period ended September 30, 2022 as compared to Rs.-1.415 for the 6 Months period ended September 30, 2021.

Financials	Half Year Ended FY2023	Half Year Ended FY2022	% Change
Total Income	₹30.4199 crs	₹18.0457 crs	68.57%
Net Profit	₹0.6279 crs	₹-1.4230 crs	144.13%
EPS	₹0.624	₹-1.415	144.10%

Shares of Raw Edge Industrial Solutions Ltd was last trading in BSE at Rs. 51.35 as compared to the previous close of Rs. 54.05. The total number of shares traded during the day was 7042 in over 40 trades.

The stock hit an intraday high of Rs. 53.00 and intraday low of 51.35. The net turnover during the day was Rs. 362145.00.

Source : Equity Bulls

Keywords

RawEdgeIndustrialSolutions Q2FY23 H1FY23 ResultUpdate