Laxmi Organic Industries Ltd Q3FY23 consolidated net profit at Rs. 27.22 crores

Laxmi Organic Industries Limited has reported Consolidated financial results for the period ended December 31, 2022.

Financial Results (Q3 FY2023) - QoQ Comparison

The company has reported total income of Rs. 657.886 crores during the period ended December 31, 2022 as compared to Rs. 655.054 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. 27.228 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. 8.60 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. 1.02 for the period ended December 31, 2022 as compared to Rs. 0.32 for the period ended September 30, 2022.

Financials	Q3 FY2023	Q2 FY2023	% Change
Total Income	₹657.886 crs	₹655.054 crs	0.43%
Net Profit	₹27.228 crs	₹8.60 crs	216.60%
EPS	₹1.02	₹0.32	218.75%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.657.886 crores during the period ended December 31, 2022 as compared to Rs.861.898 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.27.228 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.70.541 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.1.02 for the period ended December 31, 2022 as compared to Rs.2.63 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹657.886 crs	₹861.898 crs	-23.67%
Net Profit	₹27.228 crs	₹70.541 crs	-61.40%
EPS	₹1.02	₹2.63	-61.22%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.2071.668 crores during the 9 Months period ended December 31, 2022 as compared to Rs.2217.296 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.100.255 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.187.433 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.3.75 for the 9 Months period ended December 31, 2022 as compared to Rs.7 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹2071.668 crs	₹2217.296 crs	-6.57%
Net Profit	₹100.255 crs	₹187.433 crs	-46.51%
EPS	₹3.75	₹7	-46.43%

Asset Quality:

Asset Quality	Q3 FY2023	Q2 FY2023	Q3 FY2022
Gross NPA	₹ crs	₹ crs	₹ crs
Gross NPA %	%	%	%
Net NPA	₹ crs	₹ crs	₹ crs
Net NPA %	%	%	%

Gross NPA was at ₹ crs in Q3 FY2023 against ₹ crs in Q3 FY2022. The same was at ₹ crs in Q2 FY2023.

Net NPA was at ₹ crs in Q3 FY2023 against ₹ crs in Q3 FY2022. The same was at ₹ crs in Q2 FY2023.

GNPA was at % of Gross advances as on December 31, 2022 as compared to % as on December 31, 2021 and % as of September 30, 2022.

Net NPA was at % of Gross advances as on December 31, 2022 as compared to % as on December 31, 2021 and % as of September 30, 2022.

Ratios	Q3 FY2023	Q2 FY2023	Q3 FY2022
RoA %	%	%	%
CAR (BASEL III) %	%	%	%

Return on Average Assets (RoA) is at % for Q3 FY2023 against % in Q2 FY2023 and % in Q3 FY2022.

In Q3 FY2023, Bank's total Capital Adequacy Ratio (CAR) was at %, as compared to % in Q2 FY2023 and % in Q3 FY2022.

Shares of Laxmi Organic Industries Limited was last trading in BSE at Rs. 289.35 as compared to the previous close of Rs. 290.70. The total number of shares traded during the day was 49020 in over 2384 trades.

The stock hit an intraday high of Rs. 294.40 and intraday low of 286.05. The net turnover during the day was Rs. 14261439.00.

Source : Equity Bulls

Keywords

LaxmiOrganicIndustries Q3FY23 9MFY23 ResultUpdate