Stock Report

Akshar Spintex Ltd Q3 FY2023 net profit at Rs. 47.22 lakhs

Posted On : 2023-02-11 16:45:41( TIMEZONE : IST )

Akshar Spintex 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. 31.7827 crores during the period ended December 31, 2022 as compared to Rs. 18.9003 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. 0.4722 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. -7.7570 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. 0.19 for the period ended December 31, 2022 as compared to Rs. -3.10 for the period ended September 30, 2022.

Financials	Q3 FY2023	Q2 FY2023	% Change
Total Income	₹31.7827 crs	₹18.9003 crs	68.16%
Net Profit	₹0.4722 crs	₹-7.7570 crs	106.09%
EPS	₹0.19	₹-3.10	106.13%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.31.7827 crores during the period ended December 31, 2022 as compared to Rs.47.7807 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.0.4722 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.3.4226 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.0.19 for the period ended December 31, 2022 as compared to Rs.1.37 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹31.7827 crs	₹47.7807 crs	-33.48%
Net Profit	₹0.4722 crs	₹3.4226 crs	-86.20%
EPS	₹0.19	₹1.37	-86.13%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.99.7941 crores during the 9 Months period ended December 31, 2022 as compared to Rs.127.56 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.-6.2036 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.6.6556 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.-2.48 for the 9 Months period ended December 31, 2022 as compared to Rs.2.66 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹99.7941 crs	₹127.56 crs	-21.77%
Net Profit	₹-6.2036 crs	₹6.6556 crs	-193.21%
EPS	₹-2.48	₹2.66	-193.23%

Shares of Akshar Spintex Ltd was last trading in BSE at Rs. 71.45 as compared to the previous close of Rs. 70.05. The total number of shares traded during the day was 38280 in over 109 trades.

The stock hit an intraday high of Rs. 71.45 and intraday low of 71.40. The net turnover during the day was Rs. 2734544.00.