Visa Steel Ltd Q2FY23 consolidated loss at Rs. 21.38 crores

Visa Steel 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. 193.318 crores during the period ended September 30, 2022 as compared to Rs. 197.215 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs. -21.388 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs. -25.416 crores for the period ended June 30, 2022.

The company has reported EPS of Rs. -1.85 for the period ended September 30, 2022 as compared to Rs. -2.20 for the period ended June 30, 2022.

Financials	Q2 FY2023	Q1 FY2023	% Change
Total Income	₹193.318 crs	₹197.215 crs	-1.98%
Net Profit	₹-21.388 crs	₹-25.416 crs	15.85%
EPS	₹-1.85	₹-2.20	15.91%

Financial Results (Q2 FY2023) - YoY Comparison

The company has reported total income of Rs.193.318 crores during the period ended September 30, 2022 as compared to Rs.290.202 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.-21.388 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs.-27.993 crores for the period ended September 30, 2021.

The company has reported EPS of Rs.-1.85 for the period ended September 30, 2022 as compared to Rs.-2.42 for the period ended September 30, 2021.

Financials	Q2 FY2023	Q2 FY2022	% Change
Total Income	₹193.318 crs	₹290.202 crs	-33.39%
Net Profit	₹-21.388 crs	₹-27.993 crs	23.60%
EPS	₹-1.85	₹-2.42	23.55%

Financial Results (Half Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.390.533 crores during the 6 Months period ended September 30, 2022 as compared to Rs.542.788 crores during the 6 Months period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.-46.804 crores for the 6 Months period ended September 30, 2022 as against net profit / (loss) of Rs.-60.203 crores for the 6 Months period ended September 30, 2021.

The company has reported EPS of Rs.-4.04 for the 6 Months period ended September 30, 2022 as compared to Rs.-5.20 for the 6 Months period ended September 30, 2021.

Financials	Half Year Ended FY2023	Half Year Ended FY2022	% Change
Total Income	₹390.533 crs	₹542.788 crs	-28.05%
Net Profit	₹-46.804 crs	₹-60.203 crs	22.26%
EPS	₹-4.04	₹-5.20	22.31%

Shares of Visa Steel Limited was last trading in BSE at Rs. 14.50 as compared to the previous close of Rs. 14.57. The total number of shares traded during the day was 3168 in over 30 trades.

The stock hit an intraday high of Rs. 15.00 and intraday low of 14.38. The net turnover during the day was Rs. 46765.00.

Source : Equity Bulls

Keywords

VisaSteel Q2FY23 H1FY23 ResultUpdate