Garden Reach Shipbuilders and Engineers Ltd Q2 FY2022-23 PAT at Rs. 58.72 crores

Garden Reach Shipbuilders & Engineers 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. 722.8371 crores during the period ended September 30, 2022 as compared to Rs. 620.6241 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs. 58.7285 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs. 50.1762 crores for the period ended June 30, 2022.

The company has reported EPS of Rs. 5.13 for the period ended September 30, 2022 as compared to Rs. 4.38 for the period ended June 30, 2022.

Financials	Q2 FY2023	Q1 FY2023	% Change
Total Income	₹ 722.8371 crs	₹620.6241 crs	16.47%
Net Profit	₹58.7285 crs	₹50.1762 crs	17.04%
EPS	₹5.13	₹4.38	17.12%

Financial Results (Q2 FY2023) - YoY Comparison

The company has reported total income of Rs. 722.8371 crores during the period ended September 30, 2022 as compared to Rs.458.2078 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.58.7285 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs.58.7894 crores for the period ended September 30, 2021.

The company has reported EPS of Rs.5.13 for the period ended September 30, 2022 as compared to Rs.5.13 for the period ended September 30, 2021.

Financials	Q2 FY2023	Q2 FY2022	% Change
Total Income	₹ 722.8371 crs	₹458.2078 crs	57.75%
Net Profit	₹58.7285 crs	₹58.7894 crs	-0.10%
EPS	₹5.13	₹5.13	0.00%

Financial Results (Half Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.1343.4612 crores during the 6 Months period ended September 30, 2022 as compared to Rs.802.3006 crores during the 6 Months period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.108.9047 crores for the 6 Months period ended September 30, 2022 as against net profit / (loss) of Rs.79.3831 crores for the 6 Months period ended September 30, 2021.

The company has reported EPS of Rs.9.51 for the 6 Months period ended September 30, 2022 as compared to Rs.6.93 for the 6 Months period ended September 30, 2021.

Financials	Half Year Ended FY2023	Half Year Ended FY2022	% Change
Total Income	₹1343.4612 crs	₹802.3006 crs	67.45%
Net Profit	₹108.9047 crs	₹79.3831 crs	37.19%
EPS	₹9.51	₹6.93	37.23%

Shares of Garden Reach Shipbuilders & Engineers Limited was last trading in BSE at Rs. 462.70 as compared to the previous close of Rs. 471.25. The total number of shares traded during the day was 226163 in over 6440 trades.

The stock hit an intraday high of Rs. 476.25 and intraday low of 451.55. The net turnover during the day was Rs. 104605954.00.

Source : Equity Bulls

Keywords

GardenReachShipbuildersandEngineers Q2FY23 H1FY23 ResultUpdate