IP Rings Ltd reports net profit of Rs. 2.29 crore in Q1FY23

IP RINGS 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. 80.0405 crores during the period ended June 30, 2022 as compared to Rs. 73.2505 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs. 2.2921 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs. 3.4389 crores for the period ended March 31, 2022.

The company has reported EPS of Rs. 1.81 for the period ended June 30, 2022 as compared to Rs. 2.71 for the period ended March 31, 2022.

Financials	Q1 FY2023	Q4 FY2022	% Change
Total Income	₹ 80.0405 crs	₹73.2505 crs	9.27%
Net Profit	₹2.2921 crs	₹3.4389 crs	-33.35%
EPS	₹1.81	₹2.71	-33.21%

Financial Results (Q1 FY2023) - YoY Comparison

The company has reported total income of Rs. 80.0405 crores during the period ended June 30, 2022 as compared to Rs.62.8348 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs.2.2921 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs.4.0453 crores for the period ended June 30, 2021.

The company has reported EPS of Rs.1.81 for the period ended June 30, 2022 as compared to Rs.3.19 for the period ended June 30, 2021.

Financials	Q1 FY2023	Q1 FY2022	% Change
Total Income	₹ 80.0405 crs	₹62.8348 crs	27.38%
Net Profit	₹2.2921 crs	₹4.0453 crs	-43.34%
EPS	₹1.81	₹3.19	-43.26%

Shares of IP RINGS LTD. was last trading in BSE at Rs. 135.35 as compared to the previous close of Rs. 135.00. The total number of shares traded during the day was 2954 in over 77 trades.

The stock hit an intraday high of Rs. 136.90 and intraday low of 127.20. The net turnover during the day was Rs. 389671.00.

Source : Equity Bulls

Keywords

IPRings Q1FY23 ResultUpdate