NIBE Ltd Q3FY23 PAT falls QoQ to Rs. 93.29 lakhs

NIBE 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. 15.4432 crores during the period ended December 31, 2022 as compared to Rs. 17.8198 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. 0.9329 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. 1.0948 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. 0.90 for the period ended December 31, 2022 as compared to Rs. 1.05 for the period ended September 30, 2022.

Financials	Q3 FY2023	Q2 FY2023	% Change
Total Income	₹15.4432 crs	₹17.8198 crs	-13.34%
Net Profit	₹0.9329 crs	₹1.0948 crs	-14.79%
EPS	₹0.90	₹1.05	-14.29%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.15.4432 crores during the period ended December 31, 2022 as compared to Rs.7.7681 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.0.9329 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.-2.0461 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.0.90 for the period ended December 31, 2022 as compared to Rs.-1.96 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹15.4432 crs	₹7.7681 crs	98.80%
Net Profit	₹0.9329 crs	₹-2.0461 crs	145.59%
EPS	₹0.90	₹-1.96	145.92%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.43.5734 crores during the 9 Months period ended December 31, 2022 as compared to Rs.13.1338 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.2.2249 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.-3.0555 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.2.14 for the 9 Months period ended December 31, 2022 as compared to Rs.-2.93 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹43.5734 crs	₹13.1338 crs	231.77%
Net Profit	₹2.2249 crs	₹-3.0555 crs	172.82%
EPS	₹2.14	₹-2.93	173.04%

Shares of NIBE Ltd was last trading in BSE at Rs. 440.55 as compared to the previous close of Rs. 449.00. The total number of shares traded during the day was 9056 in over 278 trades.

The stock hit an intraday high of Rs. 468.00 and intraday low of 426.55. The net turnover during the day was Rs. 4061728.00.

Source : Equity Bulls

Keywords

NIBE Q3FY23 9MFY23 ResultUpdate