Gita Renewable Energy Ltd Q1FY23 profit slides QoQ to Rs. 37.61 lakhs

Gita Renewable Energy Ltd has reported Standalone financial results for the period ended June 30, 2022.

Financial Results (Q1 FY2023) - QoQ Comparison

The company has reported total income of Rs. 0.5942 crores during the period ended June 30, 2022 as compared to Rs. 4.5837 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs. 0.3761 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs. 3.4769 crores for the period ended March 31, 2022.

The company has reported EPS of Rs. 0.91 for the period ended June 30, 2022 as compared to Rs. 8.45 for the period ended March 31, 2022.

Financials	Q1 FY2023	Q4 FY2022	% Change
Total Income	₹ 0.5942 crs	₹4.5837 crs	-87.04%
Net Profit	₹0.3761 crs	₹3.4769 crs	-89.18%
EPS	₹0.91	₹8.45	-89.23%

Financial Results (Q1 FY2023) - YoY Comparison

The company has reported total income of Rs. 0.5942 crores during the period ended June 30, 2022 as compared to Rs.0.06 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs.0.3761 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs.-0.0380 crores for the period ended June 30, 2021.

The company has reported EPS of Rs.0.91 for the period ended June 30, 2022 as compared to Rs.-0.09 for the period ended June 30, 2021.

Financials	Q1 FY2023	Q1 FY2022	% Change
Total Income	₹ 0.5942 crs	₹0.06 crs	890.33%
Net Profit	₹0.3761 crs	₹-0.0380 crs	1,089.74%
EPS	₹0.91	₹-0.09	1,111.11%

Shares of Gita Renewable Energy Ltd was last trading in BSE at Rs. 146.30 as compared to the previous close of Rs. 145.65. The total number of shares traded during the day was 3484 in over 117 trades.

The stock hit an intraday high of Rs. 150.25 and intraday low of 140.25. The net turnover during the day was Rs. 503744.00.

Source : Equity Bulls

Keywords

GitaRenewableEnergy Q1FY23 ResultUpdate