Deep Energy Resources Ltd posts consolidated net profit of Rs. 14.72 lakhs in Q3FY23

DEEP ENERGY RESOURCES LIMITED 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. 8.1158 crores during the period ended December 31, 2022 as compared to Rs. 4.3156 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. 0.1472 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. 1.1769 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. 0.04 for the period ended December 31, 2022 as compared to Rs. 0.39 for the period ended September 30, 2022.

Financials	Q3 FY2023	Q2 FY2023	% Change
Total Income	₹8.1158 crs	₹4.3156 crs	88.06%
Net Profit	₹0.1472 crs	₹1.1769 crs	-87.49%
EPS	₹0.04	₹0.39	-89.74%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.8.1158 crores during the period ended December 31, 2022 as compared to Rs.0.7578 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.0.1472 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.0.0282 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.0.04 for the period ended December 31, 2022 as compared to Rs.0.01 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹8.1158 crs	₹0.7578 crs	970.97%
Net Profit	₹0.1472 crs	₹0.0282 crs	421.99%
EPS	₹0.04	₹0.01	300.00%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.13.3066 crores during the 9 Months period ended December 31, 2022 as compared to Rs.2.0067 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.1.3104 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.0.2216 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.0.44 for the 9 Months period ended December 31, 2022 as compared to Rs.0.10 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹13.3066 crs	₹2.0067 crs	563.11%
Net Profit	₹1.3104 crs	₹0.2216 crs	491.34%
EPS	₹0.44	₹0.10	340.00%

Shares of DEEP ENERGY RESOURCES LIMITED was last trading in BSE at Rs. 127.30 as compared to the previous close of Rs. 121.45. The total number of shares traded during the day was 2847 in over 192 trades.

The stock hit an intraday high of Rs. 131.20 and intraday low of 123.25. The net turnover during the day was Rs. 360429.00.

Source : Equity Bulls

Keywords

DeepEnergyResources Q3FY23 9MFY23 ResultUpdate