Sharda Ispat Ltd Q3 FY23 net profit higher at Rs. 1.11 crore

SHARDA ISPAT 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. 45.2771 crores during the period ended December 31, 2022 as compared to Rs. 35.1415 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. 1.1158 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. 0.1315 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. 2.20 for the period ended December 31, 2022 as compared to Rs. 0.26 for the period ended September 30, 2022.

Financials	Q3 FY2023	Q2 FY2023	% Change
Total Income	₹45.2771 crs	₹35.1415 crs	28.84%
Net Profit	₹1.1158 crs	₹0.1315 crs	748.52%
EPS	₹2.20	₹0.26	746.15%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.45.2771 crores during the period ended December 31, 2022 as compared to Rs.32.5489 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.1.1158 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.0.6123 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.2.20 for the period ended December 31, 2022 as compared to Rs.1.21 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹45.2771 crs	₹32.5489 crs	39.10%
Net Profit	₹1.1158 crs	₹0.6123 crs	82.23%
EPS	₹2.20	₹1.21	81.82%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.102.3873 crores during the 9 Months period ended December 31, 2022 as compared to Rs.84.8516 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.2.0722 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.1.6931 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.4.08 for the 9 Months period ended December 31, 2022 as compared to Rs.3.33 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹102.3873 crs	₹84.8516 crs	20.67%
Net Profit	₹2.0722 crs	₹1.6931 crs	22.39%
EPS	₹4.08	₹3.33	22.52%

Shares of SHARDA ISPAT LTD. was last trading in BSE at Rs. 61.55 as compared to the previous close of Rs. 64.55. The total number of shares traded during the day was 100 in over 3 trades.

The stock hit an intraday high of Rs. 61.55 and intraday low of 61.50. The net turnover during the day was Rs. 6152.00.

Source : Equity Bulls

Keywords

ShardaIspat Q3FY23 9MFY23 ResultUpdate