Stock Report

Sreechem Resins Ltd Q2FY23 profit falls to Rs. 25.96 lakhs



Posted On : 2022-11-10 15:03:01( TIMEZONE : IST )

Sreechem Resins Ltd Q2FY23 profit falls to Rs. 25.96 lakhs

SREECHEM RESINS 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. 21.9616 crores during the period ended September 30, 2022 as compared to Rs. 38.3001 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs. 0.2596 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs. 2.6204 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. 6.55 for the period ended June 30, 2022.

Financials Q2 FY2023 Q1 FY2023 % Change
Total Income ₹ 21.9616 crs ₹38.3001 crs Up Tick / Down Tick-42.66%
Net Profit ₹0.2596 crs ₹2.6204 crs Up Tick / Down Tick-90.09%
EPS ₹0.65 ₹6.55 Up Tick / Down Tick-90.08%

Financial Results (Q2 FY2023) - YoY Comparison

The company has reported total income of Rs. 21.9616 crores during the period ended September 30, 2022 as compared to Rs.8.7017 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.0.2596 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs.0.0292 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.0.07 for the period ended September 30, 2021.

Financials Q2 FY2023 Q2 FY2022 % Change
Total Income ₹ 21.9616 crs ₹8.7017 crs Up Tick / Down Tick152.38%
Net Profit ₹0.2596 crs ₹0.0292 crs Up Tick / Down Tick789.04%
EPS ₹0.65 ₹0.07 Up Tick / Down Tick828.57%

Financial Results (Half Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.60.2617 crores during the 6 Months period ended September 30, 2022 as compared to Rs.23.0127 crores during the 6 Months period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.2.88 crores for the 6 Months period ended September 30, 2022 as against net profit / (loss) of Rs.0.3746 crores for the 6 Months period ended September 30, 2021.

The company has reported EPS of Rs.7.20 for the 6 Months period ended September 30, 2022 as compared to Rs.0.94 for the 6 Months period ended September 30, 2021.

Financials Half Year Ended FY2023 Half Year Ended FY2022 % Change
Total Income ₹60.2617 crs ₹23.0127 crs Up Tick / Down Tick161.86%
Net Profit ₹2.88 crs ₹0.3746 crs Up Tick / Down Tick668.82%
EPS ₹7.20 ₹0.94 Up Tick / Down Tick665.96%

Shares of SREECHEM RESINS LTD. was last trading in BSE at Rs. 210.70 as compared to the previous close of Rs. 208.35. The total number of shares traded during the day was 12800 in over 71 trades.

The stock hit an intraday high of Rs. 218.75 and intraday low of 197.95. The net turnover during the day was Rs. 2725400.00.

Source : Equity Bulls

Keywords

SreechemResins Q2FY23 H1FY23 ResultUpdate