Bharat Wire Ropes Ltd Q2 FY23 net profit jumps to Rs. 15.35 crores

Bharat Wire Ropes Limited 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. 149.7882 crores during the period ended September 30, 2022 as compared to Rs. 132.8952 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs. 15.3589 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs. 12.0389 crores for the period ended June 30, 2022.

The company has reported EPS of Rs. 2.40 for the period ended September 30, 2022 as compared to Rs. 1.89 for the period ended June 30, 2022.

Financials	Q2 FY2023	Q1 FY2023	% Change
Total Income	₹ 149.7882 crs	₹132.8952 crs	12.71%
Net Profit	₹15.3589 crs	₹12.0389 crs	27.58%
EPS	₹2.40	₹1.89	26.98%

Financial Results (Q2 FY2023) - YoY Comparison

The company has reported total income of Rs. 149.7882 crores during the period ended September 30, 2022 as compared to Rs.94.4319 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.15.3589 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs.1.0650 crores for the period ended September 30, 2021.

The company has reported EPS of Rs.2.40 for the period ended September 30, 2022 as compared to Rs.0.17 for the period ended September 30, 2021.

Financials	Q2 FY2023	Q2 FY2022	% Change
Total Income	₹ 149.7882 crs	₹94.4319 crs	58.62%
Net Profit	₹15.3589 crs	₹1.0650 crs	1,342.15%
EPS	₹2.40	₹0.17	1,311.76%

Financial Results (Half Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.282.6834 crores during the 6 Months period ended September 30, 2022 as compared to Rs.172.7777 crores during the 6 Months period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.27.3978 crores for the 6 Months period ended September 30, 2022 as against net profit / (loss) of Rs.2.9576 crores for the 6 Months period ended September 30, 2021.

The company has reported EPS of Rs.4.28 for the 6 Months period ended September 30, 2022 as compared to Rs.0.47 for the 6 Months period ended September 30, 2021.

Financials	Half Year Ended FY2023	Half Year Ended FY2022	% Change
Total Income	₹282.6834 crs	₹172.7777 crs	63.61%
Net Profit	₹27.3978 crs	₹2.9576 crs	826.35%
EPS	₹4.28	₹0.47	810.64%

Shares of Bharat Wire Ropes Limited was last trading in BSE at Rs. 125.20 as compared to the previous close of Rs. 127.65. The total number of shares traded during the day was 37176 in over 899 trades.

The stock hit an intraday high of Rs. 128.00 and intraday low of 124.20. The net turnover during the day was Rs. 4691516.00.

Source : Equity Bulls

Keywords

BharatWireRopes Q2FY23 H1FY23 ResultUpdate