Smruthi Organics Ltd Q3FY23 net profit slumps to Rs. 18.90 lakhs

Smruthi Organics 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. 31.9314 crores during the period ended December 31, 2022 as compared to Rs. 43.2839 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. 0.1890 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. 2.8692 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. 0.10 for the period ended December 31, 2022 as compared to Rs. 2.44 for the period ended September 30, 2022.

Financials	Q3 FY2023	Q2 FY2023	% Change
Total Income	₹31.9314 crs	₹43.2839 crs	-26.23%
Net Profit	₹0.1890 crs	₹2.8692 crs	-93.41%
EPS	₹0.10	₹2.44	-95.90%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.31.9314 crores during the period ended December 31, 2022 as compared to Rs.36.5322 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.0.1890 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.3.5796 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.0.10 for the period ended December 31, 2022 as compared to Rs.3.01 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹31.9314 crs	₹36.5322 crs	-12.59%
Net Profit	₹0.1890 crs	₹3.5796 crs	-94.72%
EPS	₹0.10	₹3.01	-96.68%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.104.3191 crores during the 9 Months period ended December 31, 2022 as compared to Rs.98.3859 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.3.4405 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.9.0472 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.2.80 for the 9 Months period ended December 31, 2022 as compared to Rs.7.56 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹104.3191 crs	₹98.3859 crs	6.03%
Net Profit	₹3.4405 crs	₹9.0472 crs	-61.97%
EPS	₹2.80	₹7.56	-62.96%

Shares of Smruthi Organics Ltd was last trading in BSE at Rs. 158.55 as compared to the previous close of Rs. 158.50. The total number of shares traded during the day was 6198 in over 59 trades.

The stock hit an intraday high of Rs. 164.40 and intraday low of 155.05. The net turnover during the day was Rs. 990402.00.

Source : Equity Bulls

Keywords

SmruthiOrganics Q3FY23 9MFY23 ResultUpdate