TIPS Industries reports net profit of Rs. 20.82 crores in Q2 FY2022-23

TIPS 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. 50.7022 crores during the period ended September 30, 2022 as compared to Rs. 35.2626 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs. 20.8239 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs. 17.1793 crores for the period ended June 30, 2022.

The company has reported EPS of Rs. 16.06 for the period ended September 30, 2022 as compared to Rs. 13.25 for the period ended June 30, 2022.

Financials	Q2 FY2023	Q1 FY2023	% Change
Total Income	₹50.7022 crs	₹35.2626 crs	43.78%
Net Profit	₹20.8239 crs	₹17.1793 crs	21.22%
EPS	₹16.06	₹13.25	21.21%

Financial Results (Q2 FY2023) - YoY Comparison

The company has reported total income of Rs.50.7022 crores during the period ended September 30, 2022 as compared to Rs.29.6996 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.20.8239 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs.11.2342 crores for the period ended September 30, 2021.

The company has reported EPS of Rs.16.06 for the period ended September 30, 2022 as compared to Rs.8.66 for the period ended September 30, 2021.

Financials	Q2 FY2023	Q2 FY2022	% Change
Total Income	₹50.7022 crs	₹29.6996 crs	70.72%
Net Profit	₹20.8239 crs	₹11.2342 crs	85.36%
EPS	₹16.06	₹8.66	85.45%

Financial Results (Half Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.85.9648 crores during the 6 Months period ended September 30, 2022 as compared to Rs.58.4244 crores during the 6 Months period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.38.0032 crores for the 6 Months period ended September 30, 2022 as against net profit / (loss) of Rs.27.1123 crores for the 6 Months period ended September 30, 2021.

The company has reported EPS of Rs.29.30 for the 6 Months period ended September 30, 2022 as compared to Rs.20.91 for the 6 Months period ended September 30, 2021.

Financials	Half Year Ended FY2023	Half Year Ended FY2022	% Change
Total Income	₹85.9648 crs	₹58.4244 crs	47.14%
Net Profit	₹38.0032 crs	₹27.1123 crs	40.17%
EPS	₹29.30	₹20.91	40.12%

Shares of TIPS Industries Limited was last trading in BSE at Rs. 1605.05 as compared to the previous close of Rs. 1585.50. The total number of shares traded during the day was 1625 in over 434 trades.

The stock hit an intraday high of Rs. 1617.00 and intraday low of 1567.85. The net turnover during the day was Rs. 2600163.00.

Source : Equity Bulls

Keywords

TIPSIndustries Q2FY23 H1FY23 ResultUpdate