Garware Synthetics Ltd Q1FY22 PAT drops QoQ to Rs. 5.56 lakhs

Garware Synthetics Ltd. has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.2.26 crores during the period ended June 30, 2021 as compared to Rs.2.74 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.0.0556 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.0.1552 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.0.10 for the period ended June 30, 2021 as compared to Rs.0.27 for the period ended March 31, 2021.

Financials	Q1 FY2021-22	Q4 FY20-21	% Change
Total Income	₹ 2.26 crs	₹ 2.74 crs	-17.52%
Net Profit	₹ 0.0556 crs	₹ 0.1552 crs	-64.18%
EPS	₹ 0.10	₹ 0.27	-62.96%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.2.26 crores during the period ended June 30, 2021 as compared to Rs.0.6525 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.0.0556 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.(0.0462) crores for the period ended June 30, 2020.

The company has reported EPS of Rs.0.10 for the period ended June 30, 2021 as compared to Rs.(0.08) for the period ended June 30, 2020.

Financials	Q1 FY2021-22	Q1 FY2020-21	% Change
Total Income	₹ 2.26 crs	₹ 0.6525 crs	246.36%
Net Profit	₹ 0.0556 crs	₹ (0.0462) crs	220.35%
EPS	₹ 0.10	₹ (0.08)	225%

Shares of Garware Synthetics Ltd. was last trading in BSE at Rs. 17 as compared to the previous close of Rs. 17.7. The total number of shares traded during the day was 1022 in over 17 trades.

The stock hit an intraday high of Rs. 17.05 and intraday low of 17. The net turnover during the day was Rs. 17390.

Source : Equity Bulls

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