Titan Intech Ltd Q3 FY2023 PAT climbs to Rs. 51.70 lakhs

Titan Intech Limited 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. 2.5217 crores during the period ended December 31, 2022 as compared to Rs. 4.1559 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. 0.5170 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. 0.4475 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. 2.09 for the period ended December 31, 2022 as compared to Rs. 1.81 for the period ended September 30, 2022.

Financials	Q3 FY2023	Q2 FY2023	% Change
Total Income	₹2.5217 crs	₹4.1559 crs	-39.32%
Net Profit	₹0.5170 crs	₹0.4475 crs	15.53%
EPS	₹2.09	₹1.81	15.47%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.2.5217 crores during the period ended December 31, 2022 as compared to Rs.0.9435 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.0.5170 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.0.2382 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.2.09 for the period ended December 31, 2022 as compared to Rs.0.96 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹2.5217 crs	₹0.9435 crs	167.27%
Net Profit	₹0.5170 crs	₹0.2382 crs	117.04%
EPS	₹2.09	₹0.96	117.71%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.7.4356 crores during the 9 Months period ended December 31, 2022 as compared to Rs.1.79 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.1.2273 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.0.1559 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.4.96 for the 9 Months period ended December 31, 2022 as compared to Rs.0.63 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹7.4356 crs	₹1.79 crs	315.40%
Net Profit	₹1.2273 crs	₹0.1559 crs	687.24%
EPS	₹4.96	₹0.63	687.30%

Shares of Titan Intech Limited was last trading in BSE at Rs. 55.35 as compared to the previous close of Rs. 52.75. The total number of shares traded during the day was 63046 in over 345 trades.

The stock hit an intraday high of Rs. 55.35 and intraday low of 54.35. The net turnover during the day was Rs. 3481791.00.

Source : Equity Bulls

Keywords

TitanIntech Q3FY23 9MFY23 ResultUpdate