Maris Spinners Ltd Q3FY23 loss at Rs. 6.29 crores

MARIS SPINNERS 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. 37.0238 crores during the period ended December 31, 2022 as compared to Rs. 24.0043 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. -6.2930 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. -6.3354 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. -7.94 for the period ended December 31, 2022 as compared to Rs. -7.99 for the period ended September 30, 2022.

Financials	Q3 FY2023	Q2 FY2023	% Change
Total Income	₹37.0238 crs	₹24.0043 crs	54.24%
Net Profit	₹-6.2930 crs	₹-6.3354 crs	0.67%
EPS	₹-7.94	₹-7.99	0.63%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.37.0238 crores during the period ended December 31, 2022 as compared to Rs.55.6972 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.-6.2930 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.6.5036 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.-7.94 for the period ended December 31, 2022 as compared to Rs.8.21 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹37.0238 crs	₹55.6972 crs	-33.53%
Net Profit	₹-6.2930 crs	₹6.5036 crs	-196.76%
EPS	₹-7.94	₹8.21	-196.71%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.105.2436 crores during the 9 Months period ended December 31, 2022 as compared to Rs.120.8667 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.-9.0975 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.14.4344 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.-11.48 for the 9 Months period ended December 31, 2022 as compared to Rs.18.21 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹105.2436 crs	₹120.8667 crs	-12.93%
Net Profit	₹-9.0975 crs	₹14.4344 crs	-163.03%
EPS	₹-11.48	₹18.21	-163.04%

Shares of MARIS SPINNERS LTD. was last trading in BSE at Rs. 52.00 as compared to the previous close of Rs. 53.95. The total number of shares traded during the day was 3377 in over 35 trades.

The stock hit an intraday high of Rs. 55.40 and intraday low of 51.10. The net turnover during the day was Rs. 174725.00.

Source : Equity Bulls

Keywords

MarisSpinners Q3FY23 9MFY23 ResultUpdate