Gandhi Special Tubes Ltd Q3FY23 net profit slides QoQ to Rs. 9.56 crores

Gandhi Special Tubes Limited 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. 38.6945 crores during the period ended December 31, 2022 as compared to Rs. 53.8410 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. 9.5628 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. 15.3577 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. 7.87 for the period ended December 31, 2022 as compared to Rs. 12.64 for the period ended September 30, 2022.

Financials	Q3 FY2023	Q2 FY2023	% Change
Total Income	₹38.6945 crs	₹53.8410 crs	-28.13%
Net Profit	₹9.5628 crs	₹15.3577 crs	-37.73%
EPS	₹7.87	₹12.64	-37.74%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.38.6945 crores during the period ended December 31, 2022 as compared to Rs.35.5364 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.9.5628 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.8.2118 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.7.87 for the period ended December 31, 2022 as compared to Rs.6.46 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹38.6945 crs	₹35.5364 crs	8.89%
Net Profit	₹9.5628 crs	₹8.2118 crs	16.45%
EPS	₹7.87	₹6.46	21.83%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.136.6314 crores during the 9 Months period ended December 31, 2022 as compared to Rs.108.9507 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.36.8815 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.30.1559 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.30.35 for the 9 Months period ended December 31, 2022 as compared to Rs.23.71 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹136.6314 crs	₹108.9507 crs	25.41%
Net Profit	₹36.8815 crs	₹30.1559 crs	22.30%
EPS	₹30.35	₹23.71	28.01%

Shares of Gandhi Special Tubes Limited was last trading in BSE at Rs. 602.30 as compared to the previous close of Rs. 590.00. The total number of shares traded during the day was 4030 in over 514 trades.

The stock hit an intraday high of Rs. 613.00 and intraday low of 586.00. The net turnover during the day was Rs. 2404211.00.

Source : Equity Bulls

Keywords

GandhiSpecialTubes Q3FY23 9MFY23 ResultUpdate