Stovec Industries Ltd Q1 CY2023 PAT increases QoQ to Rs. 2.44 crore

STOVEC INDUSTRIES LTD. has reported Standalone financial results for the period ended March 31, 2023.

Financial Results (Q1 CY2023) - QoQ Comparison

The company has reported total income of Rs. 45.765 crores during the period ended March 31, 2023 as compared to Rs. 61.90 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs. 2.447 crores for the period ended March 31, 2023 as against net profit / (loss) of Rs. 1.664 crores for the period ended December 31, 2022.

The company has reported EPS of Rs. 11.72 for the period ended March 31, 2023 as compared to Rs. 7.96 for the period ended December 31, 2022.

Financials	Q1 CY2023	Q4 CY2022	% Change
Total Income	₹ 45.765 crs	₹61.90 crs	-26.07%
Net Profit	₹2.447 crs	₹1.664 crs	47.06%
EPS	₹11.72	₹7.96	47.24%

Financial Results (Q1 CY2023) - YoY Comparison

The company has reported total income of Rs. 45.765 crores during the period ended March 31, 2023 as compared to Rs.67.237 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs.2.447 crores for the period ended March 31, 2023 as against net profit / (loss) of Rs.9.684 crores for the period ended March 31, 2022.

The company has reported EPS of Rs.11.72 for the period ended March 31, 2023 as compared to Rs.46.38 for the period ended March 31, 2022.

Financials	Q1 CY2023	Q1 CY2022	% Change
Total Income	₹ 45.765 crs	₹67.237 crs	-31.93%
Net Profit	₹2.447 crs	₹9.684 crs	-74.73%
EPS	₹11.72	₹46.38	-74.73%

Shares of STOVEC INDUSTRIES LTD. was last trading in BSE at Rs. 2265.50 as compared to the previous close of Rs. 2244.80. The total number of shares traded during the day was 578 in over 64 trades.

The stock hit an intraday high of Rs. 2293.50 and intraday low of 2217.95. The net turnover during the day was Rs. 1308578.00.

Source : Equity Bulls

Keywords

StovecIndustries Q1CY23 ResultUpdate