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TIPS Industries Ltd Q3 net profit jumps to Rs. 12.38 crore



Posted On : 2021-02-09 17:37:04( TIMEZONE : IST )

TIPS Industries Ltd Q3 net profit jumps to Rs. 12.38 crore

TIPS INDUSTRIES LTD. has reported financial results for the period ended December 31, 2020.

Financial Results (Q3 FY20-21) - QoQ Comparison

The company has reported total income of Rs.32.44 crores during the period ended December 31, 2020 as compared to Rs.16.87 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.12.38 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.6.72 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.9.55 for the period ended December 31, 2020 as compared to Rs.5.19 for the period ended September 30, 2020.

FinancialsQ3 FY20-21Q2 FY20-21% Change
Total Income₹ 32.44 crs₹ 16.87 crsUp Tick 92.29%
Net Profit₹ 12.38 crs₹ 6.72 crsUp Tick 84.23%
EPS₹ 9.55₹ 5.19Up Tick 84.01%

Financial Results (Q3 FY20-21) - YoY Comparison

The company has reported total income of Rs.32.44 crores during the period ended December 31, 2020 as compared to Rs.24.95 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.12.38 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.5.02 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.9.55 for the period ended December 31, 2020 as compared to Rs.3.51 for the period ended December 31, 2019.

FinancialsQ3 FY20-21Q3 FY19-20% Change
Total Income₹ 32.44 crs₹ 24.95 crsUp Tick 30.02%
Net Profit₹ 12.38 crs₹ 5.02 crsUp Tick 146.61%
EPS₹ 9.55₹ 3.51Up Tick 172.08%

Financial Results (9 Months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.64.96 crores during the 9 months period ended December 31, 2020 as compared to Rs.89.60 crores during the 9 months period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.25.19 crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.10.97 crores for the 9 months period ended December 31, 2019.

The company has reported EPS of Rs.18.82 for the 9 months period ended December 31, 2020 as compared to Rs.7.67 for the 9 months period ended December 31, 2019.

Financials9 Months ended FY20-219 Months ended FY19-20% Change
Total Income₹ 64.96 crs₹ 89.60 crsDown Tick -27.5%
Net Profit₹ 25.19 crs₹ 10.97 crsUp Tick 129.63%
EPS₹ 18.82₹7.67Up Tick 145.37%

Shares of TIPS INDUSTRIES LTD. was last trading in BSE at Rs.375 as compared to the previous close of Rs. 383.25. The total number of shares traded during the day was 550 in over 22 trades.

The stock hit an intraday high of Rs. 398.85 and intraday low of 375. The net turnover during the day was Rs. 212776.

Source : Equity Bulls

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