Foseco India Ltd Q2 CY2023 PAT surges to Rs. 27.66 crores

Foseco India Limited has reported Standalone financial results for the period ended June 30, 2023.

Financial Results (Q2 CY2023) - QoQ Comparison

The company has reported total income of Rs. 126.5813 crores during the period ended June 30, 2023 as compared to Rs. 116.1522 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 27.6646 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 14.2366 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 43.32 for the period ended June 30, 2023 as compared to Rs. 22.29 for the period ended March 31, 2023.

Financials	Q2 CY2023	Q1 CY2023	% Change
Total Income	₹ 126.5813 crs	₹116.1522 crs	8.98%
Net Profit	₹27.6646 crs	₹14.2366 crs	94.32%
EPS	₹43.32	₹22.29	94.35%

Financial Results (Q2 CY2023) - YoY Comparison

The company has reported total income of Rs. 126.5813 crores during the period ended June 30, 2023 as compared to Rs.101.1566 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.27.6646 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.10.5550 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.43.32 for the period ended June 30, 2023 as compared to Rs.16.53 for the period ended June 30, 2022.

Financials	Q2 CY2023	Q2 CY2022	% Change
Total Income	₹ 126.5813 crs	₹101.1566 crs	25.13%
Net Profit	₹27.6646 crs	₹10.5550 crs	162.10%
EPS	₹43.32	₹16.53	162.07%

Financial Results (Half Year Ended CY2023) - YoY Comparison

The company has reported total income of Rs.242.7335 crores during the 6 Months period ended June 30, 2023 as compared to Rs.202.3608 crores during the 6 Months period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.41.9012 crores for the 6 Months period ended June 30, 2023 as against net profit / (loss) of Rs.22.7785 crores for the 6 Months period ended June 30, 2022.

The company has reported EPS of Rs.65.61 for the 6 Months period ended June 30, 2023 as compared to Rs.35.67 for the 6 Months period ended June 30, 2022.

Financials	Half Year Ended CY2023	Half Year Ended CY2022	% Change
Total Income	₹242.7335 crs	₹202.3608 crs	19.95%
Net Profit	₹41.9012 crs	₹22.7785 crs	83.95%
EPS	₹65.61	₹35.67	83.94%

Shares of Foseco India Limited was last trading in BSE at Rs. 2915.70 as compared to the previous close of Rs. 2690.00. The total number of shares traded during the day was 3284 in over 911 trades.

The stock hit an intraday high of Rs. 2960.00 and intraday low of 2700.00. The net turnover during the day was Rs. 9516450.00.

Source : Equity Bulls

Keywords

FosecoIndia Q2CY23 H1CY23 ResultUpdate