LG Balakrishnan and Bros Ltd Q2 FY2023 consolidated net profit up QoQ at Rs. 67.09 crores

LG Balakrishnan & Bros Limited has reported Consolidated financial results for the period ended September 30, 2022.

Financial Results (Q2 FY2023) - QoQ Comparison

The company has reported total income of Rs. 583.0408 crores during the period ended September 30, 2022 as compared to Rs. 524.4238 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs. 67.0968 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs. 58.2860 crores for the period ended June 30, 2022.

The company has reported EPS of Rs. 21.37 for the period ended September 30, 2022 as compared to Rs. 18.57 for the period ended June 30, 2022.

Financials	Q2 FY2023	Q1 FY2023	% Change
Total Income	₹ 583.0408 crs	₹524.4238 crs	11.18%
Net Profit	₹67.0968 crs	₹58.2860 crs	15.12%
EPS	₹21.37	₹18.57	15.08%

Financial Results (Q2 FY2023) - YoY Comparison

The company has reported total income of Rs. 583.0408 crores during the period ended September 30, 2022 as compared to Rs.578.5178 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.67.0968 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs.77.9073 crores for the period ended September 30, 2021.

The company has reported EPS of Rs.21.37 for the period ended September 30, 2022 as compared to Rs.24.82 for the period ended September 30, 2021.

Financials	Q2 FY2023	Q2 FY2022	% Change
Total Income	₹ 583.0408 crs	₹578.5178 crs	0.78%
Net Profit	₹67.0968 crs	₹77.9073 crs	-13.88%
EPS	₹21.37	₹24.82	-13.90%

Financial Results (Half Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.1107.4646 crores during the 6 Months period ended September 30, 2022 as compared to Rs.975.3486 crores during the 6 Months period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.125.3828 crores for the 6 Months period ended September 30, 2022 as against net profit / (loss) of Rs.110.8713 crores for the 6 Months period ended September 30, 2021.

The company has reported EPS of Rs.39.94 for the 6 Months period ended September 30, 2022 as compared to Rs.35.32 for the 6 Months period ended September 30, 2021.

Financials	Half Year Ended FY2023	Half Year Ended FY2022	% Change
Total Income	₹1107.4646 crs	₹975.3486 crs	13.55%
Net Profit	₹125.3828 crs	₹110.8713 crs	13.09%
EPS	₹39.94	₹35.32	13.08%

Shares of LG Balakrishnan & Bros Limited was last trading in BSE at Rs. 751.60 as compared to the previous close of Rs. 720.95. The total number of shares traded during the day was 14011 in over 1630 trades.

The stock hit an intraday high of Rs. 755.00 and intraday low of 724.10. The net turnover during the day was Rs. 10400546.00.

Source : Equity Bulls

Keywords

LGBalakrishnanandBros Q2FY23 H1FY23 ResultUpdate