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IP Rings Ltd Q2 PAT slides to Rs. 0.15 crore

Posted On: 2019-11-07 14:49:39

IP RINGS LTD. has reported financial results for the period ended September 30, 2019.

Financial Results (Q2 FY19-20) - QoQ Comparison

The company has reported net sales of Rs.51.69 crores during the period ended September 30, 2019 as compared to Rs.54.71 crores during the period ended June 30, 2019.

The company has posted net profit of Rs.0.15 crores for the period ended September 30, 2019 as against Rs.1.99 crores for the period ended June 30, 2019.

The company has reported EPS of Rs.0.13 for the period ended September 30, 2019 as compared to Rs.1.57 for the period ended June 30, 2019.

FinancialsQ2 FY19-20Q1 FY19-20% Change
Total Income₹ 51.69 crs₹ 54.71 crsDown Tick -5.52%
Net Profit₹ 0.15 crs₹ 1.99 crsv Tick -92.46%
EPS₹ 0.13₹ 1.57Down Tick -91.72%

Financial Results (Q2 FY19-20) - YoY Comparison

The company has reported net sales of Rs.51.69 crores during the period ended September 30, 2019 as compared to Rs.53.51 crores during the period ended September 30, 2018.

The company has posted net profit of Rs.0.15 crores for the period ended September 30, 2019 as against Rs.1.82 crores for the period ended September 30, 2018.

The company has reported EPS of Rs.0.13 for the period ended September 30, 2019 as compared to Rs.1.44 for the period ended September 30, 2018.

FinancialsQ2 FY19-20Q2 FY18-19% Change
Total Income₹ 51.69 crs₹ 53.51 crsDown Tick -3.4%
Net Profit₹ 0.15 crs₹ 1.82 crsDown Tick -91.76%
EPS₹ 0.13₹ 1.44Down Tick -90.97%

Financial Results (6 months ended FY 19-20) - YoY Comparison

The company has reported net sales of Rs.106.41 crores during the 6 months period ended September 30, 2019 as compared to Rs.104.34 crores during the 6 months period ended September 30, 2018.

The company has posted net profit of Rs.2.15 crores for the 6 months period ended September 30, 2019 as against Rs.4.05 crores for the 6 months period ended September 30, 2018.

The company has reported EPS of Rs.1.7 for the 6 months period ended September 30, 2019 as compared to Rs.3.2 for the 6 months period ended September 30, 2018.

Financials6 months FY19-206 months FY18-19% Change
Total Income₹ 106.41 crs₹ 104.34 crsUp Tick 1.98%
Net Profit₹ 2.15 crs₹ 4.05 crsDown Tick -46.91%
EPS₹ 1.7₹3.2Down Tick -46.88%

Shares of IP RINGS LTD. was last trading in BSE at Rs.69.9 as compared to the previous close of Rs. 63.95. The total number of shares traded during the day was 835 in over 21 trades.

The stock hit an intraday high of Rs. 71.45 and intraday low of 63. The net turnover during the day was Rs. 54871.


Source: Equity Bulls

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