Meera Industries Ltd posts Rs. 1.07 crore PAT in H1FY21

Meera Industries Ltd has reported financial results for the period ended September 30, 2020.

Financial Results (H1 FY20-21)

The company has reported net sales of Rs.7.76 crores during the 6 months period ended September 30, 2020 as compared to Rs.7.55 crores during the period ended March 31, 2020.

The company has posted net profit of Rs.1.07 crores for the 6 months period ended September 30, 2020 as against Rs.(1.10) crores for the 6 months period ended March 31, 2020.

The company has reported EPS of Rs.1.01 for the 6 months period ended September 30, 2020 as compared to Rs.(3.30) for the 6 months period ended March 31, 2020.

Financials	H1 FY20-21	H2 FY19-20	% Change
Total Income	₹ 7.76 crs	₹ 7.55 crs	2.78%
Net Profit	₹ 1.07 crs	₹ (1.10) crs	197.27%
EPS	₹ 1.01	₹ (3.30)	130.61%

Financial Results (H1 FY20-21) - YoY Comparison

The company has reported net sales of Rs.7.76 crores during the 6 months period ended September 30, 2020 as compared to Rs.13.45 crores during the 6 months period ended September 30, 2019.

The company has posted net profit of Rs.1.07 crores for the 6 months period ended September 30, 2020 as against Rs.1.65 crores for the 6 months period ended September 30, 2019.

The company has reported EPS of Rs.1.01 for the 6 months period ended September 30, 2020 as compared to Rs.3.83 for the 6 months period ended September 30, 2019.

Financials	H1 FY20-21	H1 FY19-20	% Change
Total Income	₹ 7.76 crs	₹ 13.45 crs	-42.3%
Net Profit	₹ 1.07 crs	₹ 1.65 crs	-35.15%
EPS	₹ 1.01	₹ 3.83	-73.63%

Shares of Meera Industries Ltd was last trading in BSE at Rs.37 as compared to the previous close of Rs. 37. The total number of shares traded during the day was 9600 in over 6 trades.

The stock hit an intraday high of Rs. 37 and intraday low of 35. The net turnover during the day was Rs. 349200.

Source : Equity Bulls

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