Gokak Textiles Ltd posts consolidated loss of Rs. 4.69 crores in Q2FY23

GOKAK TEXTILES LTD. has reported Consolidated financial results for the period ended September 30, 2022.

Financial Results (Q2 FY2023) - QoQ Comparison

The company has reported total income of Rs. 22.3728 crores during the period ended September 30, 2022 as compared to Rs. 22.1908 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs. -4.6917 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs. -8.3469 crores for the period ended June 30, 2022.

The company has reported EPS of Rs. -7.22 for the period ended September 30, 2022 as compared to Rs. -12.84 for the period ended June 30, 2022.

Financials	Q2 FY2023	Q1 FY2023	% Change
Total Income	₹ 22.3728 crs	₹22.1908 crs	0.82%
Net Profit	₹-4.6917 crs	₹-8.3469 crs	43.79%
EPS	₹-7.22	₹-12.84	43.77%

Financial Results (Q2 FY2023) - YoY Comparison

The company has reported total income of Rs. 22.3728 crores during the period ended September 30, 2022 as compared to Rs.34.2318 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.-4.6917 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs.-7.1642 crores for the period ended September 30, 2021.

The company has reported EPS of Rs.-7.22 for the period ended September 30, 2022 as compared to Rs.-11.02 for the period ended September 30, 2021.

Financials	Q2 FY2023	Q2 FY2022	% Change
Total Income	₹ 22.3728 crs	₹34.2318 crs	-34.64%
Net Profit	₹-4.6917 crs	₹-7.1642 crs	34.51%
EPS	₹-7.22	₹-11.02	34.48%

Financial Results (Half Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.44.5636 crores during the 6 Months period ended September 30, 2022 as compared to Rs.64.8681 crores during the 6 Months period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.-13.0386 crores for the 6 Months period ended September 30, 2022 as against net profit / (loss) of Rs.-15.6486 crores for the 6 Months period ended September 30, 2021.

The company has reported EPS of Rs.-20.06 for the 6 Months period ended September 30, 2022 as compared to Rs.-24.08 for the 6 Months period ended September 30, 2021.

Financials	Half Year Ended FY2023	Half Year Ended FY2022	% Change
Total Income	₹44.5636 crs	₹64.8681 crs	-31.30%
Net Profit	₹-13.0386 crs	₹-15.6486 crs	16.68%
EPS	₹-20.06	₹-24.08	16.69%

Shares of GOKAK TEXTILES LTD. was last trading in BSE at Rs. 27.30 as compared to the previous close of Rs. 26.00. The total number of shares traded during the day was 83 in over 2 trades.

The stock hit an intraday high of Rs. 27.30 and intraday low of 27.30. The net turnover during the day was Rs. 2265.00.

Source : Equity Bulls

Keywords

GokakTextiles Q2FY23 H1FY23 ResultUpdate