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Hitech Corporation Ltd posts rise in Q2FY23 net profit to Rs. 10.48 crores
Posted On : 2022-11-08 21:54:00( TIMEZONE : IST )
Hitech Corporation 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. 161.1395 crores during the period ended September 30, 2022 as compared to Rs. 148.5620 crores during the period ended June 30, 2022.
The company has posted net profit / (loss) of Rs. 10.4884 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs. 6.3407 crores for the period ended June 30, 2022.
The company has reported EPS of Rs. 6.11 for the period ended September 30, 2022 as compared to Rs. 3.69 for the period ended June 30, 2022.
| Financials | Q2 FY2023 | Q1 FY2023 | % Change |
| Total Income | ₹ 161.1395 crs | ₹148.5620 crs |  8.47% |
| Net Profit | ₹10.4884 crs | ₹6.3407 crs | 65.41% |
| EPS | ₹6.11 | ₹3.69 | 65.58% |
Financial Results (Q2 FY2023) - YoY Comparison
The company has reported total income of Rs. 161.1395 crores during the period ended September 30, 2022 as compared to Rs.167.1010 crores during the period ended September 30, 2021.
The company has posted net profit / (loss) of Rs.10.4884 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs.9.7128 crores for the period ended September 30, 2021.
The company has reported EPS of Rs.6.11 for the period ended September 30, 2022 as compared to Rs.5.65 for the period ended September 30, 2021.
| Financials | Q2 FY2023 | Q2 FY2022 | % Change |
| Total Income | ₹ 161.1395 crs | ₹167.1010 crs |  -3.57% |
| Net Profit | ₹10.4884 crs | ₹9.7128 crs | 7.99% |
| EPS | ₹6.11 | ₹5.65 | 8.14% |
Financial Results (Half Year Ended FY2023) - YoY Comparison
The company has reported total income of Rs.309.7015 crores during the 6 Months period ended September 30, 2022 as compared to Rs.297.9127 crores during the 6 Months period ended September 30, 2021.
The company has posted net profit / (loss) of Rs.16.8291 crores for the 6 Months period ended September 30, 2022 as against net profit / (loss) of Rs.17.2102 crores for the 6 Months period ended September 30, 2021.
The company has reported EPS of Rs.9.80 for the 6 Months period ended September 30, 2022 as compared to Rs.10.02 for the 6 Months period ended September 30, 2021.
| Financials | Half Year Ended FY2023 | Half Year Ended FY2022 | % Change |
| Total Income | ₹309.7015 crs | ₹297.9127 crs | 3.96% |
| Net Profit | ₹16.8291 crs | ₹17.2102 crs | -2.21% |
| EPS | ₹9.80 | ₹10.02 | -2.20% |
Shares of Hitech Corporation Limited was last trading in BSE at Rs. 227.95 as compared to the previous close of Rs. 233.05. The total number of shares traded during the day was 1703 in over 106 trades.
The stock hit an intraday high of Rs. 233.95 and intraday low of 226.10. The net turnover during the day was Rs. 388694.00.
