LGB Forge Ltd Q1FY23 loss at Rs. 74.96 lakhs

LGB Forge Limited 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. 28.1840 crores during the period ended June 30, 2022 as compared to Rs. 32.2520 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs. -0.7496 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs. 0.2532 crores for the period ended March 31, 2022.

The company has reported EPS of Rs. -0.03 for the period ended June 30, 2022 as compared to Rs. 0.01 for the period ended March 31, 2022.

Financials	Q1 FY2023	Q4 FY2022	% Change
Total Income	₹ 28.1840 crs	₹32.2520 crs	-12.61%
Net Profit	₹-0.7496 crs	₹0.2532 crs	-396.05%
EPS	₹-0.03	₹0.01	-400.00%

Financial Results (Q1 FY2023) - YoY Comparison

The company has reported total income of Rs. 28.1840 crores during the period ended June 30, 2022 as compared to Rs.27.2163 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs.-0.7496 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs.0.6365 crores for the period ended June 30, 2021.

The company has reported EPS of Rs.-0.03 for the period ended June 30, 2022 as compared to Rs.0.03 for the period ended June 30, 2021.

Financials	Q1 FY2023	Q1 FY2022	% Change
Total Income	₹ 28.1840 crs	₹27.2163 crs	3.56%
Net Profit	₹-0.7496 crs	₹0.6365 crs	-217.77%
EPS	₹-0.03	₹0.03	-200.00%

Shares of LGB Forge Limited was last trading in BSE at Rs. 10.18 as compared to the previous close of Rs. 10.24. The total number of shares traded during the day was 60277 in over 171 trades.

The stock hit an intraday high of Rs. 10.64 and intraday low of 10.05. The net turnover during the day was Rs. 622644.00.

Source : Equity Bulls

Keywords

LGBForge Q1FY23 ResultUpdate