Stock Report

Acknit Industries Ltd reports QoQ increase in Q3FY23 PAT to Rs. 2.30 crore

Posted On : 2023-02-12 08:23:22( TIMEZONE : IST )

ACKNIT INDUSTRIES 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. 47.9027 crores during the period ended December 31, 2022 as compared to Rs. 63.2996 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. 2.3049 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. 2.0728 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. 7.58 for the period ended December 31, 2022 as compared to Rs. 6.82 for the period ended September 30, 2022.

Financials	Q3 FY2023	Q2 FY2023	% Change
Total Income	₹47.9027 crs	₹63.2996 crs	-24.32%
Net Profit	₹2.3049 crs	₹2.0728 crs	11.20%
EPS	₹7.58	₹6.82	11.14%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.47.9027 crores during the period ended December 31, 2022 as compared to Rs.58.1087 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.2.3049 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.2.5635 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.7.58 for the period ended December 31, 2022 as compared to Rs.8.43 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹47.9027 crs	₹58.1087 crs	-17.56%
Net Profit	₹2.3049 crs	₹2.5635 crs	-10.09%
EPS	₹7.58	₹8.43	-10.08%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.185.5086 crores during the 9 Months period ended December 31, 2022 as compared to Rs.152.5987 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.6.7642 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.5.5822 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.22.25 for the 9 Months period ended December 31, 2022 as compared to Rs.18.36 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹185.5086 crs	₹152.5987 crs	21.57%
Net Profit	₹6.7642 crs	₹5.5822 crs	21.17%
EPS	₹22.25	₹18.36	21.19%

Shares of ACKNIT INDUSTRIES LTD. was last trading in BSE at Rs. 153.55 as compared to the previous close of Rs. 150.00. The total number of shares traded during the day was 1508 in over 18 trades.

The stock hit an intraday high of Rs. 154.00 and intraday low of 147.45. The net turnover during the day was Rs. 230196.00.