Bharat Wire Ropes Ltd Q3 FY23 net profit climbs to Rs. 18.89 crores

Bharat Wire Ropes 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. 144.5632 crores during the period ended December 31, 2022 as compared to Rs. 149.7882 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. 18.8939 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. 15.3589 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. 2.95 for the period ended December 31, 2022 as compared to Rs. 2.40 for the period ended September 30, 2022.

Financials	Q3 FY2023	Q2 FY2023	% Change
Total Income	₹144.5632 crs	₹149.7882 crs	-3.49%
Net Profit	₹18.8939 crs	₹15.3589 crs	23.02%
EPS	₹2.95	₹2.40	22.92%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.144.5632 crores during the period ended December 31, 2022 as compared to Rs.103.7141 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.18.8939 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.3.0668 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.2.95 for the period ended December 31, 2022 as compared to Rs.0.49 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹144.5632 crs	₹103.7141 crs	39.39%
Net Profit	₹18.8939 crs	₹3.0668 crs	516.08%
EPS	₹2.95	₹0.49	502.04%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.427.2466 crores during the 9 Months period ended December 31, 2022 as compared to Rs.276.4917 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.46.2917 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.5.9244 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.7.22 for the 9 Months period ended December 31, 2022 as compared to Rs.0.94 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹427.2466 crs	₹276.4917 crs	54.52%
Net Profit	₹46.2917 crs	₹5.9244 crs	681.37%
EPS	₹7.22	₹0.94	668.09%

Shares of Bharat Wire Ropes Limited was last trading in BSE at Rs. 113.90 as compared to the previous close of Rs. 114.95. The total number of shares traded during the day was 149467 in over 2660 trades.

The stock hit an intraday high of Rs. 118.35 and intraday low of 110.50. The net turnover during the day was Rs. 17293787.00.

Source : Equity Bulls

Keywords

BharatWireRopes Q3FY23 9MFY23 ResultUpdate