TIPS Industries Ltd posts net profit of Rs. 20.19 crores in Q3FY23

TIPS 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. 52.2267 crores during the period ended December 31, 2022 as compared to Rs. 50.7022 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. 20.1921 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. 20.8239 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. 15.57 for the period ended December 31, 2022 as compared to Rs. 16.06 for the period ended September 30, 2022.

Financials	Q3 FY2023	Q2 FY2023	% Change
Total Income	₹52.2267 crs	₹50.7022 crs	3.01%
Net Profit	₹20.1921 crs	₹20.8239 crs	-3.03%
EPS	₹15.57	₹16.06	-3.05%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.52.2267 crores during the period ended December 31, 2022 as compared to Rs.44.8893 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.20.1921 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.21.5181 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.15.57 for the period ended December 31, 2022 as compared to Rs.16.59 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹52.2267 crs	₹44.8893 crs	16.35%
Net Profit	₹20.1921 crs	₹21.5181 crs	-6.16%
EPS	₹15.57	₹16.59	-6.15%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.138.1915 crores during the 9 Months period ended December 31, 2022 as compared to Rs.103.3138 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.58.1955 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.48.6207 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.44.87 for the 9 Months period ended December 31, 2022 as compared to Rs.37.49 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹138.1915 crs	₹103.3138 crs	33.76%
Net Profit	₹58.1955 crs	₹48.6207 crs	19.69%
EPS	₹44.87	₹37.49	19.69%

Shares of TIPS Industries Limited was last trading in BSE at Rs. 1615.20 as compared to the previous close of Rs. 1672.10. The total number of shares traded during the day was 3038 in over 550 trades.

The stock hit an intraday high of Rs. 1724.75 and intraday low of 1585.65. The net turnover during the day was Rs. 4923330.00.

Source : Equity Bulls

Keywords

TIPSIndustries Q3FY23 9MFY23 ResultUpdate