Archies Ltd Q2 net profit up by 163.33% and sales up by 12%

Archies Ltd., reported a strong performance for the period ended September 2022. Archies Ltd., the forerunners in the social expression industry has announced their Q2 results making a Gross Revenue of INR 21.62 crores which was higher by 12% as compared to their performance in the previous quarter of F.Y 2021-22.

For the quarter ended 30 September 2022, the company reported a net profit of INR 0.70 crores, which is higher by 163.33% from the previous quarter whereas the cash profit for operations stood at INR 2.64 crores, which was drastically higher by 355.17% from the previous year.

Mr. Varun Moo/chandani, Executive Director, Archies Ltd. on the performance of the quarter said, "We are thrilled to announce that our dedication and hard work since the start of the year have resulted in a very fruitful quarter for us. We look forward to continuously improving our performance and growing positively in the Christmas, New Year and Valentines season."

EBITDA for the quarter stood at INR 2.04 crores up by 64.22% in September 2022 from the previous year.

Also, the company plans to become debt free by the end of FY 2022-23.

Shares of Archies Limited was last trading in BSE at Rs. 24.75 as compared to the previous close of Rs. 27.50. The total number of shares traded during the day was 43083 in over 431 trades.

The stock hit an intraday high of Rs. 27.00 and intraday low of 24.75. The net turnover during the day was Rs. 1092063.00.

Source : Equity Bulls

Keywords

Archies INE731A01020 Q2FY23 H1FY23 ResultUpdate