Indag Rubber Ltd reports surge in Q4FY23 net profit to Rs. 6.63 crores

INDAG RUBBER LTD. 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. 66.5840 crores during the period ended March 31, 2023 as compared to Rs. 62.7577 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs. 6.6309 crores for the period ended March 31, 2023 as against net profit / (loss) of Rs. 3.4167 crores for the period ended December 31, 2022.

The company has reported EPS of Rs. 3.18 for the period ended March 31, 2023 as compared to Rs. 1.87 for the period ended December 31, 2022.

Financials	Q4 FY2023	Q3 FY2023	% Change
Total Income	₹66.5840 crs	₹62.7577 crs	6.10%
Net Profit	₹6.6309 crs	₹3.4167 crs	94.07%
EPS	₹3.18	₹1.87	70.05%

Financial Results (Q4 FY2023) - YoY Comparison

The company has reported total income of Rs.66.5840 crores during the period ended March 31, 2023 as compared to Rs.45.9643 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs.6.6309 crores for the period ended March 31, 2023 as against net profit / (loss) of Rs.0.6233 crores for the period ended March 31, 2022.

The company has reported EPS of Rs.3.18 for the period ended March 31, 2023 as compared to Rs.0.24 for the period ended March 31, 2022.

Financials	Q4 FY2023	Q4 FY2022	% Change
Total Income	₹66.5840 crs	₹45.9643 crs	44.86%
Net Profit	₹6.6309 crs	₹0.6233 crs	963.84%
EPS	₹3.18	₹0.24	1,225.00%

Financial Results (Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.252.2432 crores during the Financial Year ended March 31, 2023 as compared to Rs.173.3350 crores during the Financial Year ended March 31, 2022.

The company has posted net profit / (loss) of Rs.13.2366 crores for the Financial Year ended March 31, 2023 as against net profit / (loss) of Rs.2.5918 crores for the Financial Year ended March 31, 2022.

The company has reported EPS of Rs.5.04 for the Financial Year ended March 31, 2023 as compared to Rs.0.99 for the Financial Year ended March 31, 2022.

Financials	Year Ended FY2023	Year Ended FY2022	% Change
Total Income	₹252.2432 crs	₹173.3350 crs	45.52%
Net Profit	₹13.2366 crs	₹2.5918 crs	410.71%
EPS	₹5.04	₹0.99	409.09%

Shares of INDAG RUBBER LTD. was last trading in BSE at Rs. 114.70 as compared to the previous close of Rs. 108.40. The total number of shares traded during the day was 37474 in over 501 trades.

The stock hit an intraday high of Rs. 121.00 and intraday low of 107.30. The net turnover during the day was Rs. 4267290.00.

Source : Equity Bulls

Keywords

IndagRubber Q4FY23 FY2023 ResultUpdate