Savera Industries Ltd Q3FY23 net profit drops QoQ to Rs. 1.40 crore

SAVERA 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. 15.7332 crores during the period ended December 31, 2022 as compared to Rs. 15.3612 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. 1.4046 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. 5.2802 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. 1.18 for the period ended December 31, 2022 as compared to Rs. 4.43 for the period ended September 30, 2022.

Financials	Q3 FY2023	Q2 FY2023	% Change
Total Income	₹15.7332 crs	₹15.3612 crs	2.42%
Net Profit	₹1.4046 crs	₹5.2802 crs	-73.40%
EPS	₹1.18	₹4.43	-73.36%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.15.7332 crores during the period ended December 31, 2022 as compared to Rs.10.7236 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.1.4046 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.1.3031 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.1.18 for the period ended December 31, 2022 as compared to Rs.1.09 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹15.7332 crs	₹10.7236 crs	46.72%
Net Profit	₹1.4046 crs	₹1.3031 crs	7.79%
EPS	₹1.18	₹1.09	8.26%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.45.9955 crores during the 9 Months period ended December 31, 2022 as compared to Rs.23.4632 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.9.7849 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.-0.4573 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.8.20 for the 9 Months period ended December 31, 2022 as compared to Rs.-0.38 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹45.9955 crs	₹23.4632 crs	96.03%
Net Profit	₹9.7849 crs	₹-0.4573 crs	2,239.71%
EPS	₹8.20	₹-0.38	2,257.89%

Shares of SAVERA INDUSTRIES LTD. was last trading in BSE at Rs. 74.40 as compared to the previous close of Rs. 71.85. The total number of shares traded during the day was 4118 in over 42 trades.

The stock hit an intraday high of Rs. 76.90 and intraday low of 71.55. The net turnover during the day was Rs. 307677.00.

Source : Equity Bulls

Keywords

SaveraIndustries Q3FY23 9MFY23 ResultUpdate