Indag Rubber posts net profit of Rs. 1.70 crore in Q2FY23

INDAG RUBBER 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. 65.3468 crores during the period ended September 30, 2022 as compared to Rs. 57.5547 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs. 1.7068 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs. 1.4822 crores for the period ended June 30, 2022.

The company has reported EPS of Rs. 0.65 for the period ended September 30, 2022 as compared to Rs. 0.56 for the period ended June 30, 2022.

Financials	Q2 FY2023	Q1 FY2023	% Change
Total Income	₹ 65.3468 crs	₹57.5547 crs	13.54%
Net Profit	₹1.7068 crs	₹1.4822 crs	15.15%
EPS	₹0.65	₹0.56	16.07%

Financial Results (Q2 FY2023) - YoY Comparison

The company has reported total income of Rs. 65.3468 crores during the period ended September 30, 2022 as compared to Rs.46.2136 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.1.7068 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs.0.9183 crores for the period ended September 30, 2021.

The company has reported EPS of Rs.0.65 for the period ended September 30, 2022 as compared to Rs.0.35 for the period ended September 30, 2021.

Financials	Q2 FY2023	Q2 FY2022	% Change
Total Income	₹ 65.3468 crs	₹46.2136 crs	41.40%
Net Profit	₹1.7068 crs	₹0.9183 crs	85.87%
EPS	₹0.65	₹0.35	85.71%

Financial Results (Half Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.122.9015 crores during the 6 Months period ended September 30, 2022 as compared to Rs.77.9029 crores during the 6 Months period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.3.1890 crores for the 6 Months period ended September 30, 2022 as against net profit / (loss) of Rs.0.1189 crores for the 6 Months period ended September 30, 2021.

The company has reported EPS of Rs.1.21 for the 6 Months period ended September 30, 2022 as compared to Rs.0.05 for the 6 Months period ended September 30, 2021.

Financials	Half Year Ended FY2023	Half Year Ended FY2022	% Change
Total Income	₹122.9015 crs	₹77.9029 crs	57.76%
Net Profit	₹3.1890 crs	₹0.1189 crs	2,582.09%
EPS	₹1.21	₹0.05	2,320.00%

Shares of INDAG RUBBER LTD. was last trading in BSE at Rs. 75.65 as compared to the previous close of Rs. 75.35. The total number of shares traded during the day was 4958 in over 81 trades.

The stock hit an intraday high of Rs. 76.80 and intraday low of 73.35. The net turnover during the day was Rs. 375002.00.

Source : Equity Bulls

Keywords

IndagRubber Q2FY23 H1FY23 ResultUpdate