Southern Magnesium and Chemicals Ltd Q3FY23 PAT jumps to Rs. 1.18 crore

SOUTHERN MAGNESIUM & CHEMICALS 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. 2.8043 crores during the period ended December 31, 2022 as compared to Rs. 1.0704 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. 1.1815 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. 0.2967 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. 3.94 for the period ended December 31, 2022 as compared to Rs. 0.99 for the period ended September 30, 2022.

Financials	Q3 FY2023	Q2 FY2023	% Change
Total Income	₹2.8043 crs	₹1.0704 crs	161.99%
Net Profit	₹1.1815 crs	₹0.2967 crs	298.21%
EPS	₹3.94	₹0.99	297.98%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.2.8043 crores during the period ended December 31, 2022 as compared to Rs.1.4109 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.1.1815 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.0.6466 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.3.94 for the period ended December 31, 2022 as compared to Rs.2.16 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹2.8043 crs	₹1.4109 crs	98.76%
Net Profit	₹1.1815 crs	₹0.6466 crs	82.73%
EPS	₹3.94	₹2.16	82.41%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.6.8066 crores during the 9 Months period ended December 31, 2022 as compared to Rs.2.2074 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.2.8045 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.0.6108 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.12.67 for the 9 Months period ended December 31, 2022 as compared to Rs.2.04 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹6.8066 crs	₹2.2074 crs	208.35%
Net Profit	₹2.8045 crs	₹0.6108 crs	359.15%
EPS	₹12.67	₹2.04	521.08%

Shares of SOUTHERN MAGNESIUM & CHEMICALS LTD. was last trading in BSE at Rs. 63.45 as compared to the previous close of Rs. 60.60. The total number of shares traded during the day was 1014 in over 28 trades.

The stock hit an intraday high of Rs. 63.60 and intraday low of 58.40. The net turnover during the day was Rs. 64054.00.

Source : Equity Bulls

Keywords

SouthernMagnesiumandChemicals Q3FY23 9MFY23 ResultUpdate