Stylam Industries Ltd posts Rs. 24.21 crores net profit in Q2 FY2023

Stylam Industries 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. 246.5968 crores during the period ended September 30, 2022 as compared to Rs. 235.2443 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs. 24.2109 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs. 20.9485 crores for the period ended June 30, 2022.

The company has reported EPS of Rs. 14.26 for the period ended September 30, 2022 as compared to Rs. 12.38 for the period ended June 30, 2022.

Financials	Q2 FY2023	Q1 FY2023	% Change
Total Income	₹ 246.5968 crs	₹235.2443 crs	4.83%
Net Profit	₹24.2109 crs	₹20.9485 crs	15.57%
EPS	₹14.26	₹12.38	15.19%

Financial Results (Q2 FY2023) - YoY Comparison

The company has reported total income of Rs. 246.5968 crores during the period ended September 30, 2022 as compared to Rs.176.1606 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.24.2109 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs.15.0286 crores for the period ended September 30, 2021.

The company has reported EPS of Rs.14.26 for the period ended September 30, 2022 as compared to Rs.8.79 for the period ended September 30, 2021.

Financials	Q2 FY2023	Q2 FY2022	% Change
Total Income	₹ 246.5968 crs	₹176.1606 crs	39.98%
Net Profit	₹24.2109 crs	₹15.0286 crs	61.10%
EPS	₹14.26	₹8.79	62.23%

Financial Results (Half Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.481.8411 crores during the 6 Months period ended September 30, 2022 as compared to Rs.307.3471 crores during the 6 Months period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.45.1593 crores for the 6 Months period ended September 30, 2022 as against net profit / (loss) of Rs.28.9147 crores for the 6 Months period ended September 30, 2021.

The company has reported EPS of Rs.26.65 for the 6 Months period ended September 30, 2022 as compared to Rs.16.86 for the 6 Months period ended September 30, 2021.

Financials	Half Year Ended FY2023	Half Year Ended FY2022	% Change
Total Income	₹481.8411 crs	₹307.3471 crs	56.77%
Net Profit	₹45.1593 crs	₹28.9147 crs	56.18%
EPS	₹26.65	₹16.86	58.07%

Shares of Stylam Industries Limited was last trading in BSE at Rs. 1081.70 as compared to the previous close of Rs. 1063.95. The total number of shares traded during the day was 996 in over 252 trades.

The stock hit an intraday high of Rs. 1088.20 and intraday low of 1060.00. The net turnover during the day was Rs. 1066813.00.

Source : Equity Bulls

Keywords

StylamIndustries Q2FY23 H1FY23 ResultUpdate