Bharat Wire Ropes Ltd Q4FY23 net profit slips QoQ to Rs. 15.95 crores

Bharat Wire Ropes Limited has reported Standalone financial results for the period ended March 31, 2023.

Financial Results (Q4 FY2023) - QoQ Comparison

The company has reported total income of Rs. 162.4872 crores during the period ended March 31, 2023 as compared to Rs. 144.5632 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs. 15.9598 crores for the period ended March 31, 2023 as against net profit / (loss) of Rs. 18.8939 crores for the period ended December 31, 2022.

The company has reported EPS of Rs. 2.48 for the period ended March 31, 2023 as compared to Rs. 2.95 for the period ended December 31, 2022.

Financials	Q4 FY2023	Q3 FY2023	% Change
Total Income	₹162.4872 crs	₹144.5632 crs	12.40%
Net Profit	₹15.9598 crs	₹18.8939 crs	-15.53%
EPS	₹2.48	₹2.95	-15.93%

Financial Results (Q4 FY2023) - YoY Comparison

The company has reported total income of Rs.162.4872 crores during the period ended March 31, 2023 as compared to Rs.134.7676 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs.15.9598 crores for the period ended March 31, 2023 as against net profit / (loss) of Rs.7.7410 crores for the period ended March 31, 2022.

The company has reported EPS of Rs.2.48 for the period ended March 31, 2023 as compared to Rs.1.23 for the period ended March 31, 2022.

Financials	Q4 FY2023	Q4 FY2022	% Change
Total Income	₹162.4872 crs	₹134.7676 crs	20.57%
Net Profit	₹15.9598 crs	₹7.7410 crs	106.17%
EPS	₹2.48	₹1.23	101.63%

Financial Results (Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.589.7338 crores during the Financial Year ended March 31, 2023 as compared to Rs.411.2594 crores during the Financial Year ended March 31, 2022.

The company has posted net profit / (loss) of Rs.62.2516 crores for the Financial Year ended March 31, 2023 as against net profit / (loss) of Rs.13.6654 crores for the Financial Year ended March 31, 2022.

The company has reported EPS of Rs.9.68 for the Financial Year ended March 31, 2023 as compared to Rs.2.17 for the Financial Year ended March 31, 2022.

Financials	Year Ended FY2023	Year Ended FY2022	% Change
Total Income	₹589.7338 crs	₹411.2594 crs	43.40%
Net Profit	₹62.2516 crs	₹13.6654 crs	355.54%
EPS	₹9.68	₹2.17	346.08%

Shares of Bharat Wire Ropes Limited was last trading in BSE at Rs. 160.50 as compared to the previous close of Rs. 149.85. The total number of shares traded during the day was 226543 in over 3140 trades.

The stock hit an intraday high of Rs. 163.95 and intraday low of 150.00. The net turnover during the day was Rs. 36209009.00.

Source : Equity Bulls

Keywords

BharatWireRopes Q4FY23 FY2023 ResultUpdate