Gandhi Special Tubes Ltd posts higher Q2 FY2023 net profit of Rs. 15.35 crores

Gandhi Special Tubes 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. 53.8410 crores during the period ended September 30, 2022 as compared to Rs. 44.0959 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs. 15.3577 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs. 11.9610 crores for the period ended June 30, 2022.

The company has reported EPS of Rs. 12.64 for the period ended September 30, 2022 as compared to Rs. 9.84 for the period ended June 30, 2022.

Financials	Q2 FY2023	Q1 FY2023	% Change
Total Income	₹ 53.8410 crs	₹44.0959 crs	22.10%
Net Profit	₹15.3577 crs	₹11.9610 crs	28.40%
EPS	₹12.64	₹9.84	28.46%

Financial Results (Q2 FY2023) - YoY Comparison

The company has reported total income of Rs. 53.8410 crores during the period ended September 30, 2022 as compared to Rs.38.5963 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.15.3577 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs.10.8734 crores for the period ended September 30, 2021.

The company has reported EPS of Rs.12.64 for the period ended September 30, 2022 as compared to Rs.8.42 for the period ended September 30, 2021.

Financials	Q2 FY2023	Q2 FY2022	% Change
Total Income	₹ 53.8410 crs	₹38.5963 crs	39.50%
Net Profit	₹15.3577 crs	₹10.8734 crs	41.24%
EPS	₹12.64	₹8.42	50.12%

Financial Results (Half Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.97.9369 crores during the 6 Months period ended September 30, 2022 as compared to Rs.73.4143 crores during the 6 Months period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.27.3187 crores for the 6 Months period ended September 30, 2022 as against net profit / (loss) of Rs.21.9441 crores for the 6 Months period ended September 30, 2021.

The company has reported EPS of Rs.22.48 for the 6 Months period ended September 30, 2022 as compared to Rs.16.99 for the 6 Months period ended September 30, 2021.

Financials	Half Year Ended FY2023	Half Year Ended FY2022	% Change
Total Income	₹97.9369 crs	₹73.4143 crs	33.40%
Net Profit	₹27.3187 crs	₹21.9441 crs	24.49%
EPS	₹22.48	₹16.99	32.31%

Shares of Gandhi Special Tubes Limited was last trading in BSE at Rs. 440.15 as compared to the previous close of Rs. 431.25. The total number of shares traded during the day was 221 in over 44 trades.

The stock hit an intraday high of Rs. 444.00 and intraday low of 425.40. The net turnover during the day was Rs. 96232.00.

Source : Equity Bulls

Keywords

GandhiSpecialTubes Q2FY23 H1FY23 ResultUpdate