Innovative Tech Pack Ltd Q2FY23 loss at Rs. 1.19 crore

INNOVATIVE TECH PACK 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. 39.0348 crores during the period ended September 30, 2022 as compared to Rs. 43.0880 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs. -1.1974 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs. 0.5533 crores for the period ended June 30, 2022.

The company has reported EPS of Rs. -0.53 for the period ended September 30, 2022 as compared to Rs. 0.25 for the period ended June 30, 2022.

Financials	Q2 FY2023	Q1 FY2023	% Change
Total Income	₹ 39.0348 crs	₹43.0880 crs	-9.41%
Net Profit	₹-1.1974 crs	₹0.5533 crs	-316.41%
EPS	₹-0.53	₹0.25	-312.00%

Financial Results (Q2 FY2023) - YoY Comparison

The company has reported total income of Rs. 39.0348 crores during the period ended September 30, 2022 as compared to Rs.36.8809 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.-1.1974 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs.-2.6101 crores for the period ended September 30, 2021.

The company has reported EPS of Rs.-0.53 for the period ended September 30, 2022 as compared to Rs.-1.17 for the period ended September 30, 2021.

Financials	Q2 FY2023	Q2 FY2022	% Change
Total Income	₹ 39.0348 crs	₹36.8809 crs	5.84%
Net Profit	₹-1.1974 crs	₹-2.6101 crs	54.12%
EPS	₹-0.53	₹-1.17	54.70%

Financial Results (Half Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.82.1228 crores during the 6 Months period ended September 30, 2022 as compared to Rs.76.6541 crores during the 6 Months period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.-0.6441 crores for the 6 Months period ended September 30, 2022 as against net profit / (loss) of Rs.-4.8668 crores for the 6 Months period ended September 30, 2021.

The company has reported EPS of Rs.-0.29 for the 6 Months period ended September 30, 2022 as compared to Rs.-2.17 for the 6 Months period ended September 30, 2021.

Financials	Half Year Ended FY2023	Half Year Ended FY2022	% Change
Total Income	₹82.1228 crs	₹76.6541 crs	7.13%
Net Profit	₹-0.6441 crs	₹-4.8668 crs	86.77%
EPS	₹-0.29	₹-2.17	86.64%

Shares of INNOVATIVE TECH PACK LTD. was last trading in BSE at Rs. 17.20 as compared to the previous close of Rs. 17.25. The total number of shares traded during the day was 1400 in over 21 trades.

The stock hit an intraday high of Rs. 17.75 and intraday low of 16.75. The net turnover during the day was Rs. 23823.00.

Source : Equity Bulls

Keywords

InnovativeTechPack Q2FY23 H1FY23 ResultUpdate