Indag Rubber Ltd posts jump in Q3FY23 net profit to Rs. 3.41 crores

INDAG RUBBER LTD. 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. 62.7577 crores during the period ended December 31, 2022 as compared to Rs. 65.3468 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. 3.4167 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. 1.7068 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. 1.87 for the period ended December 31, 2022 as compared to Rs. 0.65 for the period ended September 30, 2022.

Financials	Q3 FY2023	Q2 FY2023	% Change
Total Income	₹62.7577 crs	₹65.3468 crs	-3.96%
Net Profit	₹3.4167 crs	₹1.7068 crs	100.18%
EPS	₹1.87	₹0.65	187.69%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.62.7577 crores during the period ended December 31, 2022 as compared to Rs.49.4678 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.3.4167 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.1.8496 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.1.87 for the period ended December 31, 2022 as compared to Rs.0.70 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹62.7577 crs	₹49.4678 crs	26.87%
Net Profit	₹3.4167 crs	₹1.8496 crs	84.73%
EPS	₹1.87	₹0.70	167.14%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.185.6592 crores during the 9 Months period ended December 31, 2022 as compared to Rs.127.3707 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.6.6057 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.1.9685 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.2.52 for the 9 Months period ended December 31, 2022 as compared to Rs.0.75 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹185.6592 crs	₹127.3707 crs	45.76%
Net Profit	₹6.6057 crs	₹1.9685 crs	235.57%
EPS	₹2.52	₹0.75	236.00%

Shares of INDAG RUBBER LTD. was last trading in BSE at Rs. 79.00 as compared to the previous close of Rs. 79.25. The total number of shares traded during the day was 1076 in over 39 trades.

The stock hit an intraday high of Rs. 80.25 and intraday low of 77.15. The net turnover during the day was Rs. 84565.00.

Source : Equity Bulls

Keywords

IndagRubber Q3FY23 9MFY23 ResultUpdate