Acknit Industries Ltd Q2FY22 PAT soars to Rs. 1.85 crore

ACKNIT INDUSTRIES LTD. has reported Standalone financial results for the period ended September 30, 2021.

Financial Results (Q2 FY2022) - QoQ Comparison

The company has reported total income of Rs. 56.4865 crores during the period ended September 30, 2021 as compared to Rs. 38.7236 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs. 1.8523 crores for the period ended September 30, 2021 as against net profit / (loss) of Rs. 1.1664 crores for the period ended June 30, 2021.

The company has reported EPS of Rs. 6.09 for the period ended September 30, 2021 as compared to Rs. 3.84 for the period ended June 30, 2021.

Financials	Q2 FY2022	Q1 FY2022	% Change
Total Income	₹ 56.4865 crs	₹38.7236 crs	45.87%
Net Profit	₹1.8523 crs	₹1.1664 crs	58.80%
EPS	₹6.09	₹3.84	58.59%

Financial Results (Q2 FY2022) - YoY Comparison

The company has reported total income of Rs. 56.4865 crores during the period ended September 30, 2021 as compared to Rs.49.7154 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.1.8523 crores for the period ended September 30, 2021 as against net profit / (loss) of Rs.1.6138 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.6.09 for the period ended September 30, 2021 as compared to Rs.5.31 for the period ended September 30, 2020.

Financials	Q2 FY2022	Q2 FY2021	% Change
Total Income	₹ 56.4865 crs	₹49.7154 crs	13.62%
Net Profit	₹1.8523 crs	₹1.6138 crs	14.78%
EPS	₹6.09	₹5.31	14.69%

Financial Results (Half Year Ended FY2022) - YoY Comparison

The company has reported total income of Rs.95.2101 crores during the 6 Months period ended September 30, 2021 as compared to Rs.74.9339 crores during the 6 Months period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.3.0187 crores for the 6 Months period ended September 30, 2021 as against net profit / (loss) of Rs.2.0341 crores for the 6 Months period ended September 30, 2020.

The company has reported EPS of Rs.9.93 for the 6 Months period ended September 30, 2021 as compared to Rs.6.69 for the 6 Months period ended September 30, 2020.

Financials	Half Year Ended FY2022	Half Year Ended FY2021	% Change
Total Income	₹95.2101 crs	₹74.9339 crs	27.06%
Net Profit	₹3.0187 crs	₹2.0341 crs	48.40%
EPS	₹9.93	₹6.69	48.43%

Shares of ACKNIT INDUSTRIES LTD. was last trading in BSE at Rs. 119.05 as compared to the previous close of Rs. 123.45. The total number of shares traded during the day was 2964 in over 45 trades.

The stock hit an intraday high of Rs. 124.25 and intraday low of 118.90. The net turnover during the day was Rs. 355603.00.

Source : Equity Bulls

Keywords

AcknitIndustries Q2FY22 H1FY22 ResultUpdate