Welcast Steels Ltd posts Rs. 1.08 crore net profit in Q2FY23

WELCAST STEELS 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. 9.6929 crores during the period ended September 30, 2022 as compared to Rs. 43.4641 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs. 1.0815 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs. 4.0170 crores for the period ended June 30, 2022.

The company has reported EPS of Rs. 16.95 for the period ended September 30, 2022 as compared to Rs. 62.94 for the period ended June 30, 2022.

Financials	Q2 FY2023	Q1 FY2023	% Change
Total Income	₹ 9.6929 crs	₹43.4641 crs	-77.70%
Net Profit	₹1.0815 crs	₹4.0170 crs	-73.08%
EPS	₹16.95	₹62.94	-73.07%

Financial Results (Q2 FY2023) - YoY Comparison

The company has reported total income of Rs. 9.6929 crores during the period ended September 30, 2022 as compared to Rs.17.1827 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.1.0815 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs.0.8698 crores for the period ended September 30, 2021.

The company has reported EPS of Rs.16.95 for the period ended September 30, 2022 as compared to Rs.13.63 for the period ended September 30, 2021.

Financials	Q2 FY2023	Q2 FY2022	% Change
Total Income	₹ 9.6929 crs	₹17.1827 crs	-43.59%
Net Profit	₹1.0815 crs	₹0.8698 crs	24.34%
EPS	₹16.95	₹13.63	24.36%

Financial Results (Half Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.53.1570 crores during the 6 Months period ended September 30, 2022 as compared to Rs.20.7699 crores during the 6 Months period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.5.0985 crores for the 6 Months period ended September 30, 2022 as against net profit / (loss) of Rs.-1.2599 crores for the 6 Months period ended September 30, 2021.

The company has reported EPS of Rs.79.89 for the 6 Months period ended September 30, 2022 as compared to Rs.-19.74 for the 6 Months period ended September 30, 2021.

Financials	Half Year Ended FY2023	Half Year Ended FY2022	% Change
Total Income	₹53.1570 crs	₹20.7699 crs	155.93%
Net Profit	₹5.0985 crs	₹-1.2599 crs	504.67%
EPS	₹79.89	₹-19.74	504.71%

Shares of WELCAST STEELS LTD. was last trading in BSE at Rs. 978.40 as compared to the previous close of Rs. 934.00. The total number of shares traded during the day was 739 in over 49 trades.

The stock hit an intraday high of Rs. 980.70 and intraday low of 908.05. The net turnover during the day was Rs. 718457.00.

Source : Equity Bulls

Keywords

WelcastSteels Q2FY23 H1FY23 ResultUpdate