Virat Industries Ltd posts net profit of Rs. 45.54 lakhs in Q2FY23

VIRAT INDUSTRIES LTD. 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. 8.0717 crores during the period ended September 30, 2022 as compared to Rs. 5.7723 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs. 0.4554 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs. 0.0738 crores for the period ended June 30, 2022.

The company has reported EPS of Rs. 0.91 for the period ended September 30, 2022 as compared to Rs. 0.13 for the period ended June 30, 2022.

Financials	Q2 FY2023	Q1 FY2023	% Change
Total Income	₹ 8.0717 crs	₹5.7723 crs	39.84%
Net Profit	₹0.4554 crs	₹0.0738 crs	517.07%
EPS	₹0.91	₹0.13	600.00%

Financial Results (Q2 FY2023) - YoY Comparison

The company has reported total income of Rs. 8.0717 crores during the period ended September 30, 2022 as compared to Rs.7.5290 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.0.4554 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs.0.5959 crores for the period ended September 30, 2021.

The company has reported EPS of Rs.0.91 for the period ended September 30, 2022 as compared to Rs.1.22 for the period ended September 30, 2021.

Financials	Q2 FY2023	Q2 FY2022	% Change
Total Income	₹ 8.0717 crs	₹7.5290 crs	7.21%
Net Profit	₹0.4554 crs	₹0.5959 crs	-23.58%
EPS	₹0.91	₹1.22	-25.41%

Financial Results (Half Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.13.8441 crores during the 6 Months period ended September 30, 2022 as compared to Rs.10.8321 crores during the 6 Months period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.0.5293 crores for the 6 Months period ended September 30, 2022 as against net profit / (loss) of Rs.0.5761 crores for the 6 Months period ended September 30, 2021.

The company has reported EPS of Rs.1.04 for the 6 Months period ended September 30, 2022 as compared to Rs.1.20 for the 6 Months period ended September 30, 2021.

Financials	Half Year Ended FY2023	Half Year Ended FY2022	% Change
Total Income	₹13.8441 crs	₹10.8321 crs	27.81%
Net Profit	₹0.5293 crs	₹0.5761 crs	-8.12%
EPS	₹1.04	₹1.20	-13.33%

Shares of VIRAT INDUSTRIES LTD. was last trading in BSE at Rs. 246.70 as compared to the previous close of Rs. 240.90. The total number of shares traded during the day was 358 in over 10 trades.

The stock hit an intraday high of Rs. 250.00 and intraday low of 241.05. The net turnover during the day was Rs. 86376.00.

Source : Equity Bulls

Keywords

ViratIndustries Q2FY23 H1FY23 ResultUpdate