Cords Cable Industries Ltd Q3 FY2022-23 net profit slips QoQ to Rs. 1.64 crore

Cords Cable Industries Limited has reported Standalone financial results for the period ended December 31, 2022.

Financial Results (Q3 FY2023) - QoQ Comparison

The company has reported total income of Rs. 129.5783 crores during the period ended December 31, 2022 as compared to Rs. 132.0896 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. 1.6429 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. 1.7222 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. 1.27 for the period ended December 31, 2022 as compared to Rs. 1.33 for the period ended September 30, 2022.

Financials	Q3 FY2023	Q2 FY2023	% Change
Total Income	₹129.5783 crs	₹132.0896 crs	-1.90%
Net Profit	₹1.6429 crs	₹1.7222 crs	-4.60%
EPS	₹1.27	₹1.33	-4.51%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.129.5783 crores during the period ended December 31, 2022 as compared to Rs.110.8664 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.1.6429 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.1.5356 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.1.27 for the period ended December 31, 2022 as compared to Rs.1.20 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹129.5783 crs	₹110.8664 crs	16.88%
Net Profit	₹1.6429 crs	₹1.5356 crs	6.99%
EPS	₹1.27	₹1.20	5.83%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.385.2526 crores during the 9 Months period ended December 31, 2022 as compared to Rs.305.8205 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.5.1001 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.4.51 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.3.94 for the 9 Months period ended December 31, 2022 as compared to Rs.3.52 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹385.2526 crs	₹305.8205 crs	25.97%
Net Profit	₹5.1001 crs	₹4.51 crs	13.08%
EPS	₹3.94	₹3.52	11.93%

Shares of Cords Cable Industries Limited was last trading in BSE at Rs. 75.10 as compared to the previous close of Rs. 75.70. The total number of shares traded during the day was 1854 in over 157 trades.

The stock hit an intraday high of Rs. 77.50 and intraday low of 74.95. The net turnover during the day was Rs. 141146.00.

Source : Equity Bulls

Keywords

CordsCableIndustries Q3FY23 9MFY23 ResultUpdate