Organic Coatings Ltd Q3 FY23 loss at Rs. 33.15 lakhs

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. 4.9898 crores during the period ended December 31, 2022 as compared to Rs. 4.9489 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. -0.3315 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. -0.6271 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. -0.82 for the period ended September 30, 2022.

Financials	Q3 FY2023	Q2 FY2023	% Change
Total Income	₹4.9898 crs	₹4.9489 crs	0.83%
Net Profit	₹-0.3315 crs	₹-0.6271 crs	47.14%
EPS	₹-0.43	₹-0.82	47.56%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.4.9898 crores during the period ended December 31, 2022 as compared to Rs.6.4426 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.-0.3315 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.-0.3979 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.-0.52 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹4.9898 crs	₹6.4426 crs	-22.55%
Net Profit	₹-0.3315 crs	₹-0.3979 crs	16.69%
EPS	₹-0.43	₹-0.52	17.31%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.17.1183 crores during the 9 Months period ended December 31, 2022 as compared to Rs.15.2422 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.-0.9906 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.-1.7992 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.-1.29 for the 9 Months period ended December 31, 2022 as compared to Rs.-2.34 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹17.1183 crs	₹15.2422 crs	12.31%
Net Profit	₹-0.9906 crs	₹-1.7992 crs	44.94%
EPS	₹-1.29	₹-2.34	44.87%

Source : Equity Bulls

Keywords

OrganicCoatings Q3FY23 9MFY23 ResultUpdate