Igarashi Motors India Ltd posts Rs. 1.34 crore net profit in Q3FY23

Igarashi Motors India 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. 170.7735 crores during the period ended December 31, 2022 as compared to Rs. 174.3197 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. 1.3434 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. 0.4657 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. 0.43 for the period ended December 31, 2022 as compared to Rs. 0.15 for the period ended September 30, 2022.

Financials	Q3 FY2023	Q2 FY2023	% Change
Total Income	₹170.7735 crs	₹174.3197 crs	-2.03%
Net Profit	₹1.3434 crs	₹0.4657 crs	188.47%
EPS	₹0.43	₹0.15	186.67%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.170.7735 crores during the period ended December 31, 2022 as compared to Rs.115.0743 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.1.3434 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.-4.4172 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.0.43 for the period ended December 31, 2022 as compared to Rs.-1.40 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹170.7735 crs	₹115.0743 crs	48.40%
Net Profit	₹1.3434 crs	₹-4.4172 crs	130.41%
EPS	₹0.43	₹-1.40	130.71%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.488.0102 crores during the 9 Months period ended December 31, 2022 as compared to Rs.425.0601 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.-2.3939 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.4.4710 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.-0.76 for the 9 Months period ended December 31, 2022 as compared to Rs.1.42 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹488.0102 crs	₹425.0601 crs	14.81%
Net Profit	₹-2.3939 crs	₹4.4710 crs	-153.54%
EPS	₹-0.76	₹1.42	-153.52%

Shares of Igarashi Motors India Limited was last trading in BSE at Rs. 405.70 as compared to the previous close of Rs. 412.00. The total number of shares traded during the day was 1807 in over 227 trades.

The stock hit an intraday high of Rs. 411.65 and intraday low of 398.00. The net turnover during the day was Rs. 727145.00.

Source : Equity Bulls

Keywords

IgarashiMotorsIndia Q3FY23 9MFY23 ResultUpdate