Ashirwad Steels and Industries Ltd Q2 FY2022-23 profit zooms to Rs. 15.28 crores on exceptional item

ASHIRWAD STEELS & INDUSTRIES 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. 1.2735 crores during the period ended September 30, 2022 as compared to Rs. 1.2076 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs. 15.2813 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs. 0.7438 crores for the period ended June 30, 2022.

The company has reported EPS of Rs. 12.23 for the period ended September 30, 2022 as compared to Rs. 0.60 for the period ended June 30, 2022.

Financials	Q2 FY2023	Q1 FY2023	% Change
Total Income	₹ 1.2735 crs	₹1.2076 crs	5.46%
Net Profit	₹ 15.2813 crs	₹0.7438 crs	1,954.49%
EPS	₹12.23	₹0.60	1,938.33%

Financial Results (Q2 FY2023) - YoY Comparison

The company has reported total income of Rs. 1.2735 crores during the period ended September 30, 2022 as compared to Rs.0.9678 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs. 15.2813 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs.-0.7187 crores for the period ended September 30, 2021.

The company has reported EPS of Rs.12.23 for the period ended September 30, 2022 as compared to Rs.-0.57 for the period ended September 30, 2021.

Financials	Q2 FY2023	Q2 FY2022	% Change
Total Income	₹ 1.2735 crs	₹0.9678 crs	31.59%
Net Profit	₹ 15.2813 crs	₹-0.7187 crs	2,226.24%
EPS	₹12.23	₹-0.57	2,245.61%

Financial Results (Half Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.2.4811 crores during the 6 Months period ended September 30, 2022 as compared to Rs.1.8882 crores during the 6 Months period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.16.0251 crores for the 6 Months period ended September 30, 2022 as against net profit / (loss) of Rs.-0.7169 crores for the 6 Months period ended September 30, 2021.

The company has reported EPS of Rs.12.82 for the 6 Months period ended September 30, 2022 as compared to Rs.-0.57 for the 6 Months period ended September 30, 2021.

Financials	Half Year Ended FY2023	Half Year Ended FY2022	% Change
Total Income	₹2.4811 crs	₹1.8882 crs	31.40%
Net Profit	₹16.0251 crs	₹-0.7169 crs	2,335.33%
EPS	₹12.82	₹-0.57	2,349.12%

Shares of ASHIRWAD STEELS & INDUSTRIES LTD. was last trading in BSE at Rs. 20.10 as compared to the previous close of Rs. 20.20. The total number of shares traded during the day was 1380 in over 27 trades.

The stock hit an intraday high of Rs. 21.75 and intraday low of 19.60. The net turnover during the day was Rs. 27713.00.

Source : Equity Bulls

Keywords

AshirwadSteelsandIndustries Q2FY23 H1FY23 ResultUpdate