Minaxi Textiles Ltd Q1FY23 loss at Rs. 1.06 crore

MINAXI TEXTILES 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. 10.1332 crores during the period ended June 30, 2022 as compared to Rs. 11.0435 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs. -1.0634 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs. -0.5945 crores for the period ended March 31, 2022.

The company has reported EPS of Rs. -0.22 for the period ended June 30, 2022 as compared to Rs. -0.12 for the period ended March 31, 2022.

Financials	Q1 FY2023	Q4 FY2022	% Change
Total Income	₹10.1332 crs	₹11.0435 crs	-8.24%
Net Profit	₹-1.0634 crs	₹-0.5945 crs	78.87%
EPS	₹-0.22	₹-0.12	83.33%

Financial Results (Q1 FY2023) - YoY Comparison

The company has reported total income of Rs.10.1332 crores during the period ended June 30, 2022 as compared to Rs.4.0292 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs.-1.0634 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs.-0.2161 crores for the period ended June 30, 2021.

The company has reported EPS of Rs.-0.22 for the period ended June 30, 2022 as compared to Rs.-0.04 for the period ended June 30, 2021.

Financials	Q1 FY2023	Q1 FY2022	% Change
Total Income	₹10.1332 crs	₹4.0292 crs	151.49%
Net Profit	₹-1.0634 crs	₹-0.2161 crs	392.09%
EPS	₹-0.22	₹-0.04	450.00%

Shares of MINAXI TEXTILES LTD. was last trading in BSE at Rs. 2.64 as compared to the previous close of Rs. 2.60. The total number of shares traded during the day was 67976 in over 205 trades.

The stock hit an intraday high of Rs. 2.74 and intraday low of 2.55. The net turnover during the day was Rs. 177401.00.

Source : Equity Bulls

Keywords

MinaxiTextiles Q1FY23 ResultUpdate