Stock Report

Akar Auto Industries reports rise in Q3FY22 PAT to Rs. 2.10 crores

Posted On : 2022-02-15 18:07:38( TIMEZONE : IST )

Akar Auto Industries Ltd has reported Standalone financial results for the period ended December 31, 2021.

Financial Results (Q3 FY2022) - QoQ Comparison

The company has reported total income of Rs. 65.5018 crores during the period ended December 31, 2021 as compared to Rs. 59.8650 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs. 2.10 crores for the period ended December 31, 2021 as against net profit / (loss) of Rs. 1.5365 crores for the period ended September 30, 2021.

The company has reported EPS of Rs. 1.95 for the period ended December 31, 2021 as compared to Rs. 1.42 for the period ended September 30, 2021.

Financials	Q3 FY2022	Q2 FY2022	% Change
Total Income	₹ 65.5018 crs	₹59.8650 crs	9.42%
Net Profit	₹2.10 crs	₹1.5365 crs	36.67%
EPS	₹1.95	₹1.42	37.32%

Financial Results (Q3 FY2022) - YoY Comparison

The company has reported total income of Rs. 65.5018 crores during the period ended December 31, 2021 as compared to Rs.53.1163 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.2.10 crores for the period ended December 31, 2021 as against net profit / (loss) of Rs.-0.0321 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.1.95 for the period ended December 31, 2021 as compared to Rs.-0.03 for the period ended December 31, 2020.

Financials	Q3 FY2022	Q3 FY2021	% Change
Total Income	₹ 65.5018 crs	₹53.1163 crs	23.32%
Net Profit	₹2.10 crs	₹-0.0321 crs	6,642.06%
EPS	₹1.95	₹-0.03	6,600.00%

Financial Results (9 Months Ended FY2022) - YoY Comparison

The company has reported total income of Rs.182.0863 crores during the 9 Months period ended December 31, 2021 as compared to Rs.117.8296 crores during the 9 Months period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.4.8040 crores for the 9 Months period ended December 31, 2021 as against net profit / (loss) of Rs.-3.7604 crores for the 9 Months period ended December 31, 2020.

The company has reported EPS of Rs.4.45 for the 9 Months period ended December 31, 2021 as compared to Rs.-3.49 for the 9 Months period ended December 31, 2020.

Financials	9 Months Ended FY2022	9 Months Ended FY2021	% Change
Total Income	₹182.0863 crs	₹117.8296 crs	54.53%
Net Profit	₹4.8040 crs	₹-3.7604 crs	227.75%
EPS	₹4.45	₹-3.49	227.51%

Shares of Akar Auto Industries Ltd was last trading in BSE at Rs. 59.80 as compared to the previous close of Rs. 54.45. The total number of shares traded during the day was 24021 in over 169 trades.

The stock hit an intraday high of Rs. 60.95 and intraday low of 51.05. The net turnover during the day was Rs. 1386607.00.