Stock Report

Sreechem Resins Ltd reports loss in Q3FY23



Posted On : 2023-01-31 00:03:39( TIMEZONE : IST )

Sreechem Resins Ltd reports loss in Q3FY23

SREECHEM RESINS 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. 8.8441 crores during the period ended December 31, 2022 as compared to Rs. 21.9616 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. -0.4641 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. 0.2596 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. -1.16 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 ₹8.8441 crs ₹21.9616 crs Up Tick / Down Tick-59.73%
Net Profit ₹-0.4641 crs ₹0.2596 crs Up Tick / Down Tick-278.78%
EPS ₹-1.16 ₹0.65 Up Tick / Down Tick-278.46%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.8.8441 crores during the period ended December 31, 2022 as compared to Rs.18.4331 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.-0.4641 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.0.6068 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.-1.16 for the period ended December 31, 2022 as compared to Rs.1.52 for the period ended December 31, 2021.

Financials Q3 FY2023 Q3 FY2022 % Change
Total Income ₹8.8441 crs ₹18.4331 crs Up Tick / Down Tick-52.02%
Net Profit ₹-0.4641 crs ₹0.6068 crs Up Tick / Down Tick-176.48%
EPS ₹-1.16 ₹1.52 Up Tick / Down Tick-176.32%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.69.1058 crores during the 9 Months period ended December 31, 2022 as compared to Rs.41.4458 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.2.4159 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.0.9814 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.6.04 for the 9 Months period ended December 31, 2022 as compared to Rs.2.45 for the 9 Months period ended December 31, 2021.

Financials 9 Months Ended FY2023 9 Months Ended FY2022 % Change
Total Income ₹69.1058 crs ₹41.4458 crs Up Tick / Down Tick66.74%
Net Profit ₹2.4159 crs ₹0.9814 crs Up Tick / Down Tick146.17%
EPS ₹6.04 ₹2.45 Up Tick / Down Tick146.53%

Shares of SREECHEM RESINS LTD. was last trading in BSE at Rs. 69.50 as compared to the previous close of Rs. 68.85. The total number of shares traded during the day was 1900 in over 13 trades.

The stock hit an intraday high of Rs. 70.90 and intraday low of 67.00. The net turnover during the day was Rs. 131175.00.

Source : Equity Bulls

Keywords

SreechemResins Q3FY23 9MFY23 ResultUpdate