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Stock Report
Resonance Specialties Ltd Q1FY21 net profit at Rs. 0.63 crore
Posted On : 2020-09-15 22:03:26( TIMEZONE : IST )
RESONANCE SPECIALTIES LTD. has reported financial results for the period ended June 30, 2020.
Financial Results (Q1 FY 2020-21) - QoQ Comparison
The company has reported total income of Rs.11.11 crores during the period ended June 30, 2020 as compared to Rs.12.45 crores during the period ended March 31, 2020.
The company has posted net profit / (loss) of Rs.0.63 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.1.21 crores for the period ended March 31, 2020.
The company has reported EPS of Rs.0.53 for the period ended June 30, 2020 as compared to Rs.1.05 for the period ended March 31, 2020.
| Financials | Q1 FY2020-21 | Q4 FY19-20 | % Change |
| Total Income | ₹ 11.11 crs | ₹ 12.45 crs |  -10.76% |
| Net Profit | ₹ 0.63 crs | ₹ 1.21 crs | -47.93% |
| EPS | ₹ 0.53 | ₹ 1.05 | -49.52% |
Financial Results (Q1 FY 2020-21) - YoY Comparison
The company has reported total income of Rs.11.11 crores during the period ended June 30, 2020 as compared to Rs.15.19 crores during the period ended June 30, 2019.
The company has posted net profit / (loss) of Rs.0.63 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.0.73 crores for the period ended June 30, 2019.
The company has reported EPS of Rs.0.53 for the period ended June 30, 2020 as compared to Rs.0.63 for the period ended June 30, 2019.
| Financials | Q1 FY2020-21 | Q1 FY2019-20 | % Change |
| Total Income | ₹ 11.11 crs | ₹ 15.19 crs | -26.86% |
| Net Profit | ₹ 0.63 crs | ₹ 0.73 crs | -13.7% |
| EPS | ₹ 0.53 | ₹ 0.63 | -15.87% |
Commenting on the Q1 results, Chairperson and Director Archna Yadav said: "Q1 continued to witness challenges posed by Covid-19, hampering industry growth in global markets. However, most of our focus markets have seen a steady recovery since June.
In India, despite a challenging market environment, Resonance was able to sustain its base revenue of the previous year. Expenses were lower during the quarter owing to lockdowns which aided margins.
We remain optimistic about a gradual recovery in India, China, US and Germany in the coming quarters."
Shares of RESONANCE SPECIALTIES LTD. was last trading in BSE at Rs.61.6 as compared to the previous close of Rs. 59.1. The total number of shares traded during the day was 15614 in over 136 trades.
The stock hit an intraday high of Rs. 61.9 and intraday low of 58.25. The net turnover during the day was Rs. 943556.
