PRIMO Chemicals Ltd Q3 FY2023 net profit slides to Rs. 29.15 crores

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. 192.3929 crores during the period ended December 31, 2022 as compared to Rs. 194.5756 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. 29.15 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. 40.5151 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. 1.20 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	₹192.3929 crs	₹194.5756 crs	-1.12%
Net Profit	₹29.15 crs	₹40.5151 crs	-28.05%
EPS	₹1.20	₹1.67	-28.14%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.192.3929 crores during the period ended December 31, 2022 as compared to Rs.135.8113 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.29.15 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.42.9529 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.1.20 for the period ended December 31, 2022 as compared to Rs.8.86 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹192.3929 crs	₹135.8113 crs	41.66%
Net Profit	₹29.15 crs	₹42.9529 crs	-32.13%
EPS	₹1.20	₹8.86	-86.46%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.578.3758 crores during the 9 Months period ended December 31, 2022 as compared to Rs.303.2757 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.116.5132 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.14.5712 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.4.81 for the 9 Months period ended December 31, 2022 as compared to Rs.3.29 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹578.3758 crs	₹303.2757 crs	90.71%
Net Profit	₹116.5132 crs	₹14.5712 crs	699.61%
EPS	₹4.81	₹3.29	46.20%

Source : Equity Bulls

Keywords

PRIMOChemicals Q3FY23 9MFY23 ResultUpdate