Advance Syntex Ltd Q2 FY2023 loss at Rs. 52.81 lakhs

Advance Syntex 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. 7.0628 crores during the period ended September 30, 2022 as compared to Rs. 3.8842 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs. -0.5281 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs. -0.5318 crores for the period ended June 30, 2022.

The company has reported EPS of Rs. -0.48 for the period ended September 30, 2022 as compared to Rs. -0.48 for the period ended June 30, 2022.

Financials	Q2 FY2023	Q1 FY2023	% Change
Total Income	₹ 7.0628 crs	₹3.8842 crs	81.83%
Net Profit	₹-0.5281 crs	₹-0.5318 crs	0.70%
EPS	₹-0.48	₹-0.48	0.00%

Financial Results (Q2 FY2023) - YoY Comparison

The company has reported total income of Rs. 7.0628 crores during the period ended September 30, 2022 as compared to Rs.10.2816 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.-0.5281 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs.-2.09 crores for the period ended September 30, 2021.

The company has reported EPS of Rs.-0.48 for the period ended September 30, 2022 as compared to Rs.-1.88 for the period ended September 30, 2021.

Financials	Q2 FY2023	Q2 FY2022	% Change
Total Income	₹ 7.0628 crs	₹10.2816 crs	-31.31%
Net Profit	₹-0.5281 crs	₹-2.09 crs	74.73%
EPS	₹-0.48	₹-1.88	74.47%

Financial Results (Half Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.10.9470 crores during the 6 Months period ended September 30, 2022 as compared to Rs.16.0635 crores during the 6 Months period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.-1.0599 crores for the 6 Months period ended September 30, 2022 as against net profit / (loss) of Rs.-3.5627 crores for the 6 Months period ended September 30, 2021.

The company has reported EPS of Rs.-0.96 for the 6 Months period ended September 30, 2022 as compared to Rs.-3.21 for the 6 Months period ended September 30, 2021.

Financials	Half Year Ended FY2023	Half Year Ended FY2022	% Change
Total Income	₹10.9470 crs	₹16.0635 crs	-31.85%
Net Profit	₹-1.0599 crs	₹-3.5627 crs	70.25%
EPS	₹-0.96	₹-3.21	70.09%

Shares of Advance Syntex Ltd was last trading in BSE at Rs. 13.17 as compared to the previous close of Rs. 13.47. The total number of shares traded during the day was 9304 in over 21 trades.

The stock hit an intraday high of Rs. 13.88 and intraday low of 12.80. The net turnover during the day was Rs. 121665.00.

Source : Equity Bulls

Keywords

AdvanceSyntex Q2FY23 H1FY23 ResultUpdate