Cochin Minerals and Rutile Ltd Q2FY23 net profit zooms to Rs. 18.18 crores

COCHIN MINERALS & RUTILE 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. 117.9924 crores during the period ended September 30, 2022 as compared to Rs. 99.1705 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs. 18.1840 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs. 8.4386 crores for the period ended June 30, 2022.

The company has reported EPS of Rs. 23.22 for the period ended September 30, 2022 as compared to Rs. 10.78 for the period ended June 30, 2022.

Financials	Q2 FY2023	Q1 FY2023	% Change
Total Income	₹ 117.9924 crs	₹99.1705 crs	18.98%
Net Profit	₹18.1840 crs	₹8.4386 crs	115.49%
EPS	₹23.22	₹10.78	115.40%

Financial Results (Q2 FY2023) - YoY Comparison

The company has reported total income of Rs. 117.9924 crores during the period ended September 30, 2022 as compared to Rs.86.8255 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.18.1840 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs.-0.7419 crores for the period ended September 30, 2021.

The company has reported EPS of Rs.23.22 for the period ended September 30, 2022 as compared to Rs.-0.95 for the period ended September 30, 2021.

Financials	Q2 FY2023	Q2 FY2022	% Change
Total Income	₹ 117.9924 crs	₹86.8255 crs	35.90%
Net Profit	₹18.1840 crs	₹-0.7419 crs	2,551.00%
EPS	₹23.22	₹-0.95	2,544.21%

Financial Results (Half Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.217.1629 crores during the 6 Months period ended September 30, 2022 as compared to Rs.124.8034 crores during the 6 Months period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.26.6226 crores for the 6 Months period ended September 30, 2022 as against net profit / (loss) of Rs.-1.6605 crores for the 6 Months period ended September 30, 2021.

The company has reported EPS of Rs.34 for the 6 Months period ended September 30, 2022 as compared to Rs.-2.12 for the 6 Months period ended September 30, 2021.

Financials	Half Year Ended FY2023	Half Year Ended FY2022	% Change
Total Income	₹217.1629 crs	₹124.8034 crs	74.00%
Net Profit	₹26.6226 crs	₹-1.6605 crs	1,703.29%
EPS	₹34	₹-2.12	1,703.77%

Shares of COCHIN MINERALS & RUTILE LTD. was last trading in BSE at Rs. 280.40 as compared to the previous close of Rs. 267.05. The total number of shares traded during the day was 7786 in over 92 trades.

The stock hit an intraday high of Rs. 280.40 and intraday low of 280.40. The net turnover during the day was Rs. 2183194.00.

Source : Equity Bulls

Keywords

CochinMineralsandRutile Q2FY23 H1FY23 ResultUpdate