Refnol Resins and Chemicals Ltd Q3 FY2023 consolidated profit at Rs. 27.01 lakhs

REFNOL RESINS & CHEMICALS LTD. 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. 17.0802 crores during the period ended December 31, 2022 as compared to Rs. 14.0807 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. 0.2701 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. -0.5162 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. 0.87 for the period ended December 31, 2022 as compared to Rs. -1.67 for the period ended September 30, 2022.

Financials	Q3 FY2023	Q2 FY2023	% Change
Total Income	₹17.0802 crs	₹14.0807 crs	21.30%
Net Profit	₹0.2701 crs	₹-0.5162 crs	152.32%
EPS	₹0.87	₹-1.67	152.10%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.17.0802 crores during the period ended December 31, 2022 as compared to Rs.13.8672 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.0.2701 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.-0.0488 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.0.87 for the period ended December 31, 2022 as compared to Rs.-0.16 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹17.0802 crs	₹13.8672 crs	23.17%
Net Profit	₹0.2701 crs	₹-0.0488 crs	653.48%
EPS	₹0.87	₹-0.16	643.75%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.47.7657 crores during the 9 Months period ended December 31, 2022 as compared to Rs.35.7746 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.-0.5486 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.-0.5696 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.-1.78 for the 9 Months period ended December 31, 2022 as compared to Rs.-1.84 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹47.7657 crs	₹35.7746 crs	33.52%
Net Profit	₹-0.5486 crs	₹-0.5696 crs	3.69%
EPS	₹-1.78	₹-1.84	3.26%

Asset Quality:

Asset Quality	Q3 FY2023	Q2 FY2023	Q3 FY2022
Gross NPA	₹ crs	₹ crs	₹ crs
Gross NPA %	%	%	%
Net NPA	₹ crs	₹ crs	₹ crs
Net NPA %	%	%	%

Gross NPA was at ₹ crs in Q3 FY2023 against ₹ crs in Q3 FY2022. The same was at ₹ crs in Q2 FY2023.

Net NPA was at ₹ crs in Q3 FY2023 against ₹ crs in Q3 FY2022. The same was at ₹ crs in Q2 FY2023.

GNPA was at % of Gross advances as on December 31, 2022 as compared to % as on December 31, 2021 and % as of September 30, 2022.

Net NPA was at % of Gross advances as on December 31, 2022 as compared to % as on December 31, 2021 and % as of September 30, 2022.

Ratios	Q3 FY2023	Q2 FY2023	Q3 FY2022
RoA %	%	%	%
CAR (BASEL III) %	%	%	%

Return on Average Assets (RoA) is at % for Q3 FY2023 against % in Q2 FY2023 and % in Q3 FY2022.

In Q3 FY2023, Bank's total Capital Adequacy Ratio (CAR) was at %, as compared to % in Q2 FY2023 and % in Q3 FY2022.

Shares of REFNOL RESINS & CHEMICALS LTD. was last trading in BSE at Rs. 95.10 as compared to the previous close of Rs. 93.05. The total number of shares traded during the day was 281 in over 10 trades.

The stock hit an intraday high of Rs. 97.40 and intraday low of 91.05. The net turnover during the day was Rs. 26174.00.

Source : Equity Bulls

Keywords

RefnolResinsandChemicals Q3FY23 9MFY23 ResultUpdate