Ashirwad Steels and Industries Ltd Q3 FY2023 profit at Rs. 19.54 lakhs

ASHIRWAD STEELS & INDUSTRIES 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. 1.0244 crores during the period ended December 31, 2022 as compared to Rs. 1.2735 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. 0.1954 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. 15.2814 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. 0.16 for the period ended December 31, 2022 as compared to Rs. 12.23 for the period ended September 30, 2022.

Financials	Q3 FY2023	Q2 FY2023	% Change
Total Income	₹1.0244 crs	₹1.2735 crs	-19.56%
Net Profit	₹0.1954 crs	₹15.2814 crs	-98.72%
EPS	₹0.16	₹12.23	-98.69%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.1.0244 crores during the period ended December 31, 2022 as compared to Rs.1.0178 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.0.1954 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.0.7264 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.0.16 for the period ended December 31, 2022 as compared to Rs.0.58 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹1.0244 crs	₹1.0178 crs	0.65%
Net Profit	₹0.1954 crs	₹0.7264 crs	-73.10%
EPS	₹0.16	₹0.58	-72.41%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.3.5055 crores during the 9 Months period ended December 31, 2022 as compared to Rs.2.9060 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.16.2206 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.0.0096 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.12.98 for the 9 Months period ended December 31, 2022 as compared to Rs.0.01 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹3.5055 crs	₹2.9060 crs	20.63%
Net Profit	₹16.2206 crs	₹0.0096 crs	168,864.58%
EPS	₹12.98	₹0.01	129,700.00%

Shares of ASHIRWAD STEELS & INDUSTRIES LTD. was last trading in BSE at Rs. 23.50 as compared to the previous close of Rs. 23.95. The total number of shares traded during the day was 10354 in over 49 trades.

The stock hit an intraday high of Rs. 24.40 and intraday low of 23.25. The net turnover during the day was Rs. 245954.00.

Source : Equity Bulls

Keywords

AshirwadSteelsandIndustries Q3FY23 9MFY23 ResultUpdate