Garg Furnace Q3FY22 profit surges to Rs. 2.63 crores

GARG FURNACE 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. 52.1963 crores during the period ended December 31, 2021 as compared to Rs. 42.7599 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs. 2.6384 crores for the period ended December 31, 2021 as against net profit / (loss) of Rs. 0.3538 crores for the period ended September 30, 2021.

The company has reported EPS of Rs. 6.58 for the period ended December 31, 2021 as compared to Rs. 0.88 for the period ended September 30, 2021.

Financials	Q3 FY2022	Q2 FY2022	% Change
Total Income	₹ 52.1963 crs	₹42.7599 crs	22.07%
Net Profit	₹2.6384 crs	₹0.3538 crs	645.73%
EPS	₹6.58	₹0.88	647.73%

Financial Results (Q3 FY2022) - YoY Comparison

The company has reported total income of Rs. 52.1963 crores during the period ended December 31, 2021 as compared to Rs.36.6886 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.2.6384 crores for the period ended December 31, 2021 as against net profit / (loss) of Rs.1.7675 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.6.58 for the period ended December 31, 2021 as compared to Rs.4.41 for the period ended December 31, 2020.

Financials	Q3 FY2022	Q3 FY2021	% Change
Total Income	₹ 52.1963 crs	₹36.6886 crs	42.27%
Net Profit	₹2.6384 crs	₹1.7675 crs	49.27%
EPS	₹6.58	₹4.41	49.21%

Financial Results (9 Months Ended FY2022) - YoY Comparison

The company has reported total income of Rs.130.8823 crores during the 9 Months period ended December 31, 2021 as compared to Rs.74.4841 crores during the 9 Months period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.3.84 crores for the 9 Months period ended December 31, 2021 as against net profit / (loss) of Rs.0.6637 crores for the 9 Months period ended December 31, 2020.

The company has reported EPS of Rs.9.58 for the 9 Months period ended December 31, 2021 as compared to Rs.1.66 for the 9 Months period ended December 31, 2020.

Financials	9 Months Ended FY2022	9 Months Ended FY2021	% Change
Total Income	₹130.8823 crs	₹74.4841 crs	75.72%
Net Profit	₹3.84 crs	₹0.6637 crs	478.57%
EPS	₹9.58	₹1.66	477.11%

Shares of GARG FURNACE LTD. was last trading in BSE at Rs. 22.50 as compared to the previous close of Rs. 21.45. The total number of shares traded during the day was 151 in over 2 trades.

The stock hit an intraday high of Rs. 22.50 and intraday low of 22.50. The net turnover during the day was Rs. 3397.00.

Source : Equity Bulls

Keywords

GargFurnace Q3FY22 9MFY22 ResultUpdate