High Energy Batteries India Ltd Q3FY23 net profit jumps to Rs. 7.21 crores

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. 27.08 crores during the period ended December 31, 2022 as compared to Rs. 20.2437 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. 7.2162 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. 3.8473 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. 8.05 for the period ended December 31, 2022 as compared to Rs. 4.29 for the period ended September 30, 2022.

Financials	Q3 FY2023	Q2 FY2023	% Change
Total Income	₹27.08 crs	₹20.2437 crs	33.77%
Net Profit	₹7.2162 crs	₹3.8473 crs	87.57%
EPS	₹8.05	₹4.29	87.65%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.27.08 crores during the period ended December 31, 2022 as compared to Rs.16.7259 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.7.2162 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.3.2194 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.8.05 for the period ended December 31, 2022 as compared to Rs.3.59 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹27.08 crs	₹16.7259 crs	61.90%
Net Profit	₹7.2162 crs	₹3.2194 crs	124.15%
EPS	₹8.05	₹3.59	124.23%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.62.0193 crores during the 9 Months period ended December 31, 2022 as compared to Rs.54.0464 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.13.5262 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.13.1994 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.15.09 for the 9 Months period ended December 31, 2022 as compared to Rs.14.73 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹62.0193 crs	₹54.0464 crs	14.75%
Net Profit	₹13.5262 crs	₹13.1994 crs	2.48%
EPS	₹15.09	₹14.73	2.44%

Source : Equity Bulls

Keywords

HighEnergyBatteriesIndia Q3FY23 9MFY23 ResultUpdate