Waaree Renewable Technologies Ltd Q2 FY2023 consolidated PAT up YoY at Rs. 8.08 crores

Sangam Renewables Ltd has reported Consolidated financial results for the period ended September 30, 2022.

Financial Results (Q2 FY2023) - QoQ Comparison

The company has reported total income of Rs. 120.9901 crores during the period ended September 30, 2022 as compared to Rs. 95.6246 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs. 8.0885 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs. 9.9870 crores for the period ended June 30, 2022.

The company has reported EPS of Rs. 3.87 for the period ended September 30, 2022 as compared to Rs. 4.80 for the period ended June 30, 2022.

Financials	Q2 FY2023	Q1 FY2023	% Change
Total Income	₹ 120.9901 crs	₹95.6246 crs	26.53%
Net Profit	₹8.0885 crs	₹9.9870 crs	-19.01%
EPS	₹3.87	₹4.80	-19.38%

Financial Results (Q2 FY2023) - YoY Comparison

The company has reported total income of Rs. 120.9901 crores during the period ended September 30, 2022 as compared to Rs.18.6841 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.8.0885 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs.4.3106 crores for the period ended September 30, 2021.

The company has reported EPS of Rs.3.87 for the period ended September 30, 2022 as compared to Rs.2.07 for the period ended September 30, 2021.

Financials	Q2 FY2023	Q2 FY2022	% Change
Total Income	₹ 120.9901 crs	₹18.6841 crs	547.56%
Net Profit	₹8.0885 crs	₹4.3106 crs	87.64%
EPS	₹3.87	₹2.07	86.96%

Financial Results (Half Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.216.6147 crores during the 6 Months period ended September 30, 2022 as compared to Rs.47.2062 crores during the 6 Months period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.18.0755 crores for the 6 Months period ended September 30, 2022 as against net profit / (loss) of Rs.1.9366 crores for the 6 Months period ended September 30, 2021.

The company has reported EPS of Rs.8.65 for the 6 Months period ended September 30, 2022 as compared to Rs.0.92 for the 6 Months period ended September 30, 2021.

Financials	Half Year Ended FY2023	Half Year Ended FY2022	% Change
Total Income	₹216.6147 crs	₹47.2062 crs	358.87%
Net Profit	₹18.0755 crs	₹1.9366 crs	833.36%
EPS	₹8.65	₹0.92	840.22%

Shares of Sangam Renewables Ltd was last trading in BSE at Rs. 482.10 as compared to the previous close of Rs. 476.95. The total number of shares traded during the day was 16233 in over 334 trades.

The stock hit an intraday high of Rs. 489.00 and intraday low of 468.05. The net turnover during the day was Rs. 7818107.00.

Source : Equity Bulls

Keywords

WaareeRenewableTechnologies Q2FY23 H1FY23 ResultUpdate