Somi Conveyor Beltings Ltd Q2 FY2023 profit up at Rs. 65.85 lakhs

Somi Conveyor Beltings Limited has reported Standalone financial results for the period ended September 30, 2022.

Financial Results (Q2 FY2023) - QoQ Comparison

The company has reported total income of Rs. 19.6719 crores during the period ended September 30, 2022 as compared to Rs. 13.4602 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs. 0.6585 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs. 0.3691 crores for the period ended June 30, 2022.

The company has reported EPS of Rs. 0.56 for the period ended September 30, 2022 as compared to Rs. 0.31 for the period ended June 30, 2022.

Financials	Q2 FY2023	Q1 FY2023	% Change
Total Income	₹ 19.6719 crs	₹13.4602 crs	46.15%
Net Profit	₹0.6585 crs	₹0.3691 crs	78.41%
EPS	₹0.56	₹0.31	80.65%

Financial Results (Q2 FY2023) - YoY Comparison

The company has reported total income of Rs. 19.6719 crores during the period ended September 30, 2022 as compared to Rs.19.4790 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.0.6585 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs.0.5426 crores for the period ended September 30, 2021.

The company has reported EPS of Rs.0.56 for the period ended September 30, 2022 as compared to Rs.0.46 for the period ended September 30, 2021.

Financials	Q2 FY2023	Q2 FY2022	% Change
Total Income	₹ 19.6719 crs	₹19.4790 crs	0.99%
Net Profit	₹0.6585 crs	₹0.5426 crs	21.36%
EPS	₹0.56	₹0.46	21.74%

Financial Results (Half Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.33.1321 crores during the 6 Months period ended September 30, 2022 as compared to Rs.24.8188 crores during the 6 Months period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.1.0276 crores for the 6 Months period ended September 30, 2022 as against net profit / (loss) of Rs.0.7066 crores for the 6 Months period ended September 30, 2021.

The company has reported EPS of Rs.0.87 for the 6 Months period ended September 30, 2022 as compared to Rs.0.60 for the 6 Months period ended September 30, 2021.

Financials	Half Year Ended FY2023	Half Year Ended FY2022	% Change
Total Income	₹33.1321 crs	₹24.8188 crs	33.50%
Net Profit	₹1.0276 crs	₹0.7066 crs	45.43%
EPS	₹0.87	₹0.60	45.00%

Shares of Somi Conveyor Beltings Limited was last trading in BSE at Rs. 42.35 as compared to the previous close of Rs. 43.15. The total number of shares traded during the day was 1994 in over 23 trades.

The stock hit an intraday high of Rs. 44.70 and intraday low of 41.50. The net turnover during the day was Rs. 85798.00.

Source : Equity Bulls

Keywords

SomiConveyorBeltings Q2FY23 H1FY23 ResultUpdate