Asian Granito India Ltd Q3FY23 consolidated loss widens to Rs. 22.62 crores

Asian Granito India Limited has reported Consolidated financial results for the period ended December 31, 2022.

Financial Results (Q3 FY2023) - QoQ Comparison

The company has reported total income of Rs. 406.0730 crores during the period ended December 31, 2022 as compared to Rs. 402.6534 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. -22.6249 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. -3.2842 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. -1.79 for the period ended December 31, 2022 as compared to Rs. -0.80 for the period ended September 30, 2022.

Financials	Q3 FY2023	Q2 FY2023	% Change
Total Income	₹406.0730 crs	₹402.6534 crs	0.85%
Net Profit	₹-22.6249 crs	₹-3.2842 crs	588.90%
EPS	₹-1.79	₹-0.80	123.75%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.406.0730 crores during the period ended December 31, 2022 as compared to Rs.438.0909 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.-22.6249 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.17.8127 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.-1.79 for the period ended December 31, 2022 as compared to Rs.2.81 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹406.0730 crs	₹438.0909 crs	-7.31%
Net Profit	₹-22.6249 crs	₹17.8127 crs	-227.02%
EPS	₹-1.79	₹2.81	-163.70%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.1120.6642 crores during the 9 Months period ended December 31, 2022 as compared to Rs.1125.8956 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.-28.0060 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.79.8563 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.-2.40 for the 9 Months period ended December 31, 2022 as compared to Rs.16.90 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹1120.6642 crs	₹1125.8956 crs	-0.46%
Net Profit	₹-28.0060 crs	₹79.8563 crs	-135.07%
EPS	₹-2.40	₹16.90	-114.20%

Shares of Asian Granito India Limited was last trading in BSE at Rs. 45.30 as compared to the previous close of Rs. 45.45. The total number of shares traded during the day was 29003 in over 383 trades.

The stock hit an intraday high of Rs. 47.55 and intraday low of 45.00. The net turnover during the day was Rs. 1334949.00.

Source : Equity Bulls

Keywords

AsianGranitoIndia Q3FY23 9MFY23 ResultUpdate