Coromandel Engineering Company Ltd Q2FY23 loss at Rs. 1.14 crore

COROMANDEL ENGINEERING COMPANY 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. 36.0527 crores during the period ended September 30, 2022 as compared to Rs. 36.34 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs. -1.1454 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs. -1.3684 crores for the period ended June 30, 2022.

The company has reported EPS of Rs. -0.34 for the period ended September 30, 2022 as compared to Rs. -0.41 for the period ended June 30, 2022.

Financials	Q2 FY2023	Q1 FY2023	% Change
Total Income	₹ 36.0527 crs	₹36.34 crs	-0.79%
Net Profit	₹-1.1454 crs	₹-1.3684 crs	16.30%
EPS	₹-0.34	₹-0.41	17.07%

Financial Results (Q2 FY2023) - YoY Comparison

The company has reported total income of Rs. 36.0527 crores during the period ended September 30, 2022 as compared to Rs.31.1654 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.-1.1454 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs.-2.8692 crores for the period ended September 30, 2021.

The company has reported EPS of Rs.-0.34 for the period ended September 30, 2022 as compared to Rs.-0.86 for the period ended September 30, 2021.

Financials	Q2 FY2023	Q2 FY2022	% Change
Total Income	₹ 36.0527 crs	₹31.1654 crs	15.68%
Net Profit	₹-1.1454 crs	₹-2.8692 crs	60.08%
EPS	₹-0.34	₹-0.86	60.47%

Financial Results (Half Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.72.3927 crores during the 6 Months period ended September 30, 2022 as compared to Rs.57.7876 crores during the 6 Months period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.-2.5138 crores for the 6 Months period ended September 30, 2022 as against net profit / (loss) of Rs.-5.4134 crores for the 6 Months period ended September 30, 2021.

The company has reported EPS of Rs.-0.76 for the 6 Months period ended September 30, 2022 as compared to Rs.-1.63 for the 6 Months period ended September 30, 2021.

Financials	Half Year Ended FY2023	Half Year Ended FY2022	% Change
Total Income	₹72.3927 crs	₹57.7876 crs	25.27%
Net Profit	₹-2.5138 crs	₹-5.4134 crs	53.56%
EPS	₹-0.76	₹-1.63	53.37%

Shares of COROMANDEL ENGINEERING COMPANY LTD. was last trading in BSE at Rs. 36.10 as compared to the previous close of Rs. 36.95. The total number of shares traded during the day was 1352 in over 21 trades.

The stock hit an intraday high of Rs. 37.50 and intraday low of 36.00. The net turnover during the day was Rs. 49306.00.

Source : Equity Bulls

Keywords

CoromandelEngineeringCompany Q2FY23 H1FY23 ResultUpdate