Precision Wires India Ltd Q2FY22 net profit climbs to Rs. 14.97 crore

The Board of Directors of Precision Wires India Limited, at its meeting held today have approved the unaudited Standalone financial results of the company for the period ended September 30, 2021.

For the quarter ended September 30, 2021(Q2 FY2022), the company's total income was ₹ 708.8466 crore, against ₹392.5136 crore in the corresponding quarter of the previous year (YoY) and ₹531.3739 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q2 FY2022), the company's net profit / (loss) was ₹14.9720 crore, against ₹10.0068 crore in the corresponding quarter of the previous year (YoY) and ₹11.5775 crore in previous quarter (QoQ).

For the quarter ended September 30, 2021(Q2 FY2022), the company's Earnings Per Share (EPS) was ₹6.47, against ₹4.33 in the corresponding quarter of the previous year (YoY) and ₹5.01 in previous quarter (QoQ).

Financials	Q2 FY2022	Q1 FY2022	QoQ % Change	Q2 FY2021	YoY % Change
Total Income	₹ 708.8466 crs	₹531.3739 crs	33.40%	₹392.5136 crs	80.59%
Net Profit	₹14.9720 crs	₹11.5775 crs	29.32%	₹10.0068 crs	49.62 %
EPS	₹6.47	₹5.01	29.14%	₹4.33	49.42%

For the 6 Months period ended September 30, 2021(Half Year Ended FY 2022), the company's total income was ₹1240.2205 crore, against ₹545.5903 crore in the previous year (YoY) (Half Year Ended FY 2021).

The net profit / (loss) was at ₹26.5495 crore for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), compared to ₹9.0071 crore in the previous year (YoY) (Half Year Ended FY 2021).

The Earnings Per Share stood at ₹11.48 for the 6 Months period ended September 30, 2021 (Half Year Ended FY 2022), against ₹3.89 in the previous year (YoY) (Half Year Ended FY 2021).

Financials	Half Year Ended FY2022	Half Year Ended FY2021	% Change
Total Income	₹1240.2205 crs	₹545.5903 crs	127.32%
Net Profit	₹26.5495 crs	₹9.0071 crs	194.76%
EPS	₹11.48	₹3.89	195.12%

Shares of Precision Wires India Limited was last trading in BSE at Rs. 306.45 as compared to the previous close of Rs. 303.30. The total number of shares traded during the day was 7281 in over 410 trades.

The stock hit an intraday high of Rs. 311.00 and intraday low of 305.05. The net turnover during the day was Rs. 2245286.00.

Source : Equity Bulls

Keywords

PrecisionWiresIndia Q2FY22 H1FY22 ResultUpdate