Shree Steel Wire Ropes Ltd Q2FY23 PAT at Rs. 40.14 lakhs

SHREE STEEL WIRE ROPES 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. 5.0132 crores during the period ended September 30, 2022 as compared to Rs. 4.6033 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs. 0.4014 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs. -0.0525 crores for the period ended June 30, 2022.

The company has reported EPS of Rs. 1.21 for the period ended September 30, 2022 as compared to Rs. -0.16 for the period ended June 30, 2022.

Financials	Q2 FY2023	Q1 FY2023	% Change
Total Income	₹ 5.0132 crs	₹4.6033 crs	8.90%
Net Profit	₹0.4014 crs	₹-0.0525 crs	864.57%
EPS	₹1.21	₹-0.16	856.25%

Financial Results (Q2 FY2023) - YoY Comparison

The company has reported total income of Rs. 5.0132 crores during the period ended September 30, 2022 as compared to Rs.4.2328 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.0.4014 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs.-0.0086 crores for the period ended September 30, 2021.

The company has reported EPS of Rs.1.21 for the period ended September 30, 2022 as compared to Rs.-0.03 for the period ended September 30, 2021.

Financials	Q2 FY2023	Q2 FY2022	% Change
Total Income	₹ 5.0132 crs	₹4.2328 crs	18.44%
Net Profit	₹0.4014 crs	₹-0.0086 crs	4,767.44%
EPS	₹1.21	₹-0.03	4,133.33%

Financial Results (Half Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.9.6165 crores during the 6 Months period ended September 30, 2022 as compared to Rs.6.7710 crores during the 6 Months period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.0.3489 crores for the 6 Months period ended September 30, 2022 as against net profit / (loss) of Rs.-0.1304 crores for the 6 Months period ended September 30, 2021.

The company has reported EPS of Rs.1.05 for the 6 Months period ended September 30, 2022 as compared to Rs.-0.39 for the 6 Months period ended September 30, 2021.

Financials	Half Year Ended FY2023	Half Year Ended FY2022	% Change
Total Income	₹9.6165 crs	₹6.7710 crs	42.02%
Net Profit	₹0.3489 crs	₹-0.1304 crs	367.56%
EPS	₹1.05	₹-0.39	369.23%

Shares of SHREE STEEL WIRE ROPES LTD. was last trading in BSE at Rs. 25.40 as compared to the previous close of Rs. 24.00. The total number of shares traded during the day was 8912 in over 44 trades.

The stock hit an intraday high of Rs. 26.00 and intraday low of 25.00. The net turnover during the day was Rs. 223900.00.

Source : Equity Bulls

Keywords

ShreeSteelWireRopes Q2FY23 H1FY23 ResultUpdate