Akar Auto Industries Ltd Q1FY23 net profit drops QoQ to Rs. 1.22 crore

Akar Auto Industries 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. 82.6023 crores during the period ended June 30, 2022 as compared to Rs. 87.2272 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs. 1.2274 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs. 2.0770 crores for the period ended March 31, 2022.

The company has reported EPS of Rs. 1.14 for the period ended June 30, 2022 as compared to Rs. 1.93 for the period ended March 31, 2022.

Financials	Q1 FY2023	Q4 FY2022	% Change
Total Income	₹82.6023 crs	₹87.2272 crs	-5.30%
Net Profit	₹1.2274 crs	₹2.0770 crs	-40.91%
EPS	₹1.14	₹1.93	-40.93%

Financial Results (Q1 FY2023) - YoY Comparison

The company has reported total income of Rs.82.6023 crores during the period ended June 30, 2022 as compared to Rs.56.7195 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs.1.2274 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs.1.1675 crores for the period ended June 30, 2021.

The company has reported EPS of Rs.1.14 for the period ended June 30, 2022 as compared to Rs.1.08 for the period ended June 30, 2021.

Financials	Q1 FY2023	Q1 FY2022	% Change
Total Income	₹82.6023 crs	₹56.7195 crs	45.63%
Net Profit	₹1.2274 crs	₹1.1675 crs	5.13%
EPS	₹1.14	₹1.08	5.56%

Shares of Akar Auto Industries Ltd was last trading in BSE at Rs. 61.70 as compared to the previous close of Rs. 59.15. The total number of shares traded during the day was 8100 in over 62 trades.

The stock hit an intraday high of Rs. 63.20 and intraday low of 59.55. The net turnover during the day was Rs. 492268.00.

Source : Equity Bulls

Keywords

AkarAutoIndustries Q1FY23 ResultUpdate