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Stock Report
Southern Magnesium and Chemicals Ltd Q2FY23 profit declines QoQ to Rs. 29.67 lakhs
Posted On : 2022-11-16 21:38:28( TIMEZONE : IST )
SOUTHERN MAGNESIUM & CHEMICALS 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. 1.0704 crores during the period ended September 30, 2022 as compared to Rs. 2.9319 crores during the period ended June 30, 2022.
The company has posted net profit / (loss) of Rs. 0.2967 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs. 1.3264 crores for the period ended June 30, 2022.
The company has reported EPS of Rs. 0.99 for the period ended September 30, 2022 as compared to Rs. 4.42 for the period ended June 30, 2022.
| Financials | Q2 FY2023 | Q1 FY2023 | % Change |
| Total Income | ₹ 1.0704 crs | ₹2.9319 crs |  -63.49% |
| Net Profit | ₹0.2967 crs | ₹1.3264 crs | -77.63% |
| EPS | ₹0.99 | ₹4.42 | -77.60% |
Financial Results (Q2 FY2023) - YoY Comparison
The company has reported total income of Rs. 1.0704 crores during the period ended September 30, 2022 as compared to Rs.0.1258 crores during the period ended September 30, 2021.
The company has posted net profit / (loss) of Rs.0.2967 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs.-0.1908 crores for the period ended September 30, 2021.
The company has reported EPS of Rs.0.99 for the period ended September 30, 2022 as compared to Rs.-0.64 for the period ended September 30, 2021.
| Financials | Q2 FY2023 | Q2 FY2022 | % Change |
| Total Income | ₹ 1.0704 crs | ₹0.1258 crs |  750.87% |
| Net Profit | ₹0.2967 crs | ₹-0.1908 crs | 255.50% |
| EPS | ₹0.99 | ₹-0.64 | 254.69% |
Financial Results (Half Year Ended FY2023) - YoY Comparison
The company has reported total income of Rs.4.0023 crores during the 6 Months period ended September 30, 2022 as compared to Rs.0.7965 crores during the 6 Months period ended September 30, 2021.
The company has posted net profit / (loss) of Rs.1.6231 crores for the 6 Months period ended September 30, 2022 as against net profit / (loss) of Rs.-0.0358 crores for the 6 Months period ended September 30, 2021.
The company has reported EPS of Rs.5.41 for the 6 Months period ended September 30, 2022 as compared to Rs.-0.12 for the 6 Months period ended September 30, 2021.
| Financials | Half Year Ended FY2023 | Half Year Ended FY2022 | % Change |
| Total Income | ₹4.0023 crs | ₹0.7965 crs | 402.49% |
| Net Profit | ₹1.6231 crs | ₹-0.0358 crs | 4,633.80% |
| EPS | ₹5.41 | ₹-0.12 | 4,608.33% |
Shares of SOUTHERN MAGNESIUM & CHEMICALS LTD. was last trading in BSE at Rs. 42.75 as compared to the previous close of Rs. 45.00. The total number of shares traded during the day was 3048 in over 33 trades.
The stock hit an intraday high of Rs. 42.75 and intraday low of 42.75. The net turnover during the day was Rs. 130302.00.
