Nova Iron and Steel Ltd posts Rs. 2.07 crore net profit in Q1FY23

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. 186.8790 crores during the period ended June 30, 2022 as compared to Rs. 182.0266 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs. 2.0782 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs. 0.5365 crores for the period ended March 31, 2022.

The company has reported EPS of Rs. 0.58 for the period ended June 30, 2022 as compared to Rs. 0.15 for the period ended March 31, 2022.

Financials	Q1 FY2023	Q4 FY2022	% Change
Total Income	₹ 186.8790 crs	₹182.0266 crs	2.67%
Net Profit	₹2.0782 crs	₹0.5365 crs	287.36%
EPS	₹0.58	₹0.15	286.67%

Financial Results (Q1 FY2023) - YoY Comparison

The company has reported total income of Rs. 186.8790 crores during the period ended June 30, 2022 as compared to Rs.127.1290 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs.2.0782 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs.17.7392 crores for the period ended June 30, 2021.

The company has reported EPS of Rs.0.58 for the period ended June 30, 2022 as compared to Rs.4.91 for the period ended June 30, 2021.

Financials	Q1 FY2023	Q1 FY2022	% Change
Total Income	₹ 186.8790 crs	₹127.1290 crs	47.00%
Net Profit	₹2.0782 crs	₹17.7392 crs	-88.28%
EPS	₹0.58	₹4.91	-88.19%

Source : Equity Bulls

Keywords

NovaIronandSteel Q1FY23 ResultUpdate