Ecoplast Ltd swings to Q2FY23 profit of Rs. 56.96 lakhs

ECOPLAST 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. 21.0277 crores during the period ended September 30, 2022 as compared to Rs. 26.3443 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs. 0.5424 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs. -0.3057 crores for the period ended June 30, 2022.

The company has reported EPS of Rs. 1.81 for the period ended September 30, 2022 as compared to Rs. -1.02 for the period ended June 30, 2022.

Financials	Q2 FY2023	Q1 FY2023	% Change
Total Income	₹21.0277 crs	₹26.3443 crs	-20.18%
Net Profit	₹0.5424 crs	₹-0.3057 crs	277.43%
EPS	₹1.81	₹-1.02	277.45%

Financial Results (Q2 FY2023) - YoY Comparison

The company has reported total income of Rs.21.0277 crores during the period ended September 30, 2022 as compared to Rs.24.3236 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.0.5424 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs.-1.3262 crores for the period ended September 30, 2021.

The company has reported EPS of Rs.1.81 for the period ended September 30, 2022 as compared to Rs.-4.42 for the period ended September 30, 2021.

Financials	Q2 FY2023	Q2 FY2022	% Change
Total Income	₹21.0277 crs	₹24.3236 crs	-13.55%
Net Profit	₹0.5424 crs	₹-1.3262 crs	140.90%
EPS	₹1.81	₹-4.42	140.95%

Financial Results (Half Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.47.3720 crores during the 6 Months period ended September 30, 2022 as compared to Rs.44.4808 crores during the 6 Months period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.0.2367 crores for the 6 Months period ended September 30, 2022 as against net profit / (loss) of Rs.-2.5733 crores for the 6 Months period ended September 30, 2021.

The company has reported EPS of Rs.0.79 for the 6 Months period ended September 30, 2022 as compared to Rs.-8.58 for the 6 Months period ended September 30, 2021.

Financials	Half Year Ended FY2023	Half Year Ended FY2022	% Change
Total Income	₹47.3720 crs	₹44.4808 crs	6.50%
Net Profit	₹0.2367 crs	₹-2.5733 crs	109.20%
EPS	₹0.79	₹-8.58	109.21%

Shares of ECOPLAST LTD. was last trading in BSE at Rs. 77.50 as compared to the previous close of Rs. 76.30. The total number of shares traded during the day was 7569 in over 69 trades.

The stock hit an intraday high of Rs. 81.00 and intraday low of 73.00. The net turnover during the day was Rs. 578834.00.

Source : Equity Bulls

Keywords

Ecoplast Q2FY23 H1FY23 ResultUpdate