Gagan Gases Ltd Q3FY23 net profit soars to Rs. 1.78 crore

GAGAN GASES 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. 2.6789 crores during the period ended December 31, 2022 as compared to Rs. 0.5943 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. 1.7862 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. -0.0004 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. 3.95 for the period ended December 31, 2022 as compared to Rs. -0.0008 for the period ended September 30, 2022.

Financials	Q3 FY2023	Q2 FY2023	% Change
Total Income	₹2.6789 crs	₹0.5943 crs	350.77%
Net Profit	₹1.7862 crs	₹-0.0004 crs	446,650.00%
EPS	₹3.95	₹-0.0008	493,850.00%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.2.6789 crores during the period ended December 31, 2022 as compared to Rs.0.79 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.1.7862 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.0.1247 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.3.95 for the period ended December 31, 2022 as compared to Rs.0.28 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹2.6789 crs	₹0.79 crs	239.10%
Net Profit	₹1.7862 crs	₹0.1247 crs	1,332.40%
EPS	₹3.95	₹0.28	1,310.71%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.4.1780 crores during the 9 Months period ended December 31, 2022 as compared to Rs.2.1318 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.1.8855 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.0.2063 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.4.17 for the 9 Months period ended December 31, 2022 as compared to Rs.0.46 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹4.1780 crs	₹2.1318 crs	95.98%
Net Profit	₹1.8855 crs	₹0.2063 crs	813.96%
EPS	₹4.17	₹0.46	806.52%

Shares of GAGAN GASES LTD. was last trading in BSE at Rs. 9.82 as compared to the previous close of Rs. 10.16. The total number of shares traded during the day was 1312 in over 17 trades.

The stock hit an intraday high of Rs. 10.65 and intraday low of 9.82. The net turnover during the day was Rs. 13784.00.

Source : Equity Bulls

Keywords

GaganGases Q3FY23 9MFY23 ResultUpdate