Shree Steel Wire Ropes Ltd Q3FY23 profit at Rs. 39.19 lakhs

SHREE STEEL WIRE ROPES 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. 4.9867 crores during the period ended December 31, 2022 as compared to Rs. 5.0132 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. 0.3919 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. 0.4014 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. 1.18 for the period ended December 31, 2022 as compared to Rs. 1.21 for the period ended September 30, 2022.

Financials	Q3 FY2023	Q2 FY2023	% Change
Total Income	₹4.9867 crs	₹5.0132 crs	-0.53%
Net Profit	₹0.3919 crs	₹0.4014 crs	-2.37%
EPS	₹1.18	₹1.21	-2.48%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.4.9867 crores during the period ended December 31, 2022 as compared to Rs.3.7885 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.0.3919 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.-0.0344 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.1.18 for the period ended December 31, 2022 as compared to Rs.-0.10 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹4.9867 crs	₹3.7885 crs	31.63%
Net Profit	₹0.3919 crs	₹-0.0344 crs	1,239.24%
EPS	₹1.18	₹-0.10	1,280.00%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.14.6032 crores during the 9 Months period ended December 31, 2022 as compared to Rs.10.5595 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.0.7408 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.-0.1363 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.2.24 for the 9 Months period ended December 31, 2022 as compared to Rs.-0.41 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹14.6032 crs	₹10.5595 crs	38.29%
Net Profit	₹0.7408 crs	₹-0.1363 crs	643.51%
EPS	₹2.24	₹-0.41	646.34%

Shares of SHREE STEEL WIRE ROPES LTD. was last trading in BSE at Rs. 28.05 as compared to the previous close of Rs. 28.50. The total number of shares traded during the day was 3908 in over 43 trades.

The stock hit an intraday high of Rs. 29.90 and intraday low of 27.00. The net turnover during the day was Rs. 110622.00.

Source : Equity Bulls

Keywords

ShreeSteelWireRopes Q3FY23 9MFY23 ResultUpdate