Stock Report

IP Rings Ltd posts Rs. 77.44 lakhs profit in Q2FY23



Posted On : 2022-11-15 23:18:24( TIMEZONE : IST )

IP Rings Ltd posts Rs. 77.44 lakhs profit in Q2FY23

IP RINGS 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. 86.2150 crores during the period ended September 30, 2022 as compared to Rs. 80.0405 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs. 0.7744 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs. 2.2921 crores for the period ended June 30, 2022.

The company has reported EPS of Rs. 0.61 for the period ended September 30, 2022 as compared to Rs. 1.81 for the period ended June 30, 2022.

Financials Q2 FY2023 Q1 FY2023 % Change
Total Income ₹ 86.2150 crs ₹80.0405 crs Up Tick / Down Tick7.71%
Net Profit ₹0.7744 crs ₹2.2921 crs Up Tick / Down Tick-66.21%
EPS ₹0.61 ₹1.81 Up Tick / Down Tick-66.30%

Financial Results (Q2 FY2023) - YoY Comparison

The company has reported total income of Rs. 86.2150 crores during the period ended September 30, 2022 as compared to Rs.66.4447 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.0.7744 crores for the period ended September 30, 2022 as against net profit / (loss) of Rs.0.2886 crores for the period ended September 30, 2021.

The company has reported EPS of Rs.0.61 for the period ended September 30, 2022 as compared to Rs.0.23 for the period ended September 30, 2021.

Financials Q2 FY2023 Q2 FY2022 % Change
Total Income ₹ 86.2150 crs ₹66.4447 crs Up Tick / Down Tick29.75%
Net Profit ₹0.7744 crs ₹0.2886 crs Up Tick / Down Tick168.33%
EPS ₹0.61 ₹0.23 Up Tick / Down Tick165.22%

Financial Results (Half Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.166.2555 crores during the 6 Months period ended September 30, 2022 as compared to Rs.129.2795 crores during the 6 Months period ended September 30, 2021.

The company has posted net profit / (loss) of Rs.3.0665 crores for the 6 Months period ended September 30, 2022 as against net profit / (loss) of Rs.4.3339 crores for the 6 Months period ended September 30, 2021.

The company has reported EPS of Rs.2.42 for the 6 Months period ended September 30, 2022 as compared to Rs.3.42 for the 6 Months period ended September 30, 2021.

Financials Half Year Ended FY2023 Half Year Ended FY2022 % Change
Total Income ₹166.2555 crs ₹129.2795 crs Up Tick / Down Tick28.60%
Net Profit ₹3.0665 crs ₹4.3339 crs Up Tick / Down Tick-29.24%
EPS ₹2.42 ₹3.42 Up Tick / Down Tick-29.24%

Shares of IP RINGS LTD. was last trading in BSE at Rs. 127.00 as compared to the previous close of Rs. 126.10. The total number of shares traded during the day was 693 in over 15 trades.

The stock hit an intraday high of Rs. 127.95 and intraday low of 126.00. The net turnover during the day was Rs. 87575.00.

Source : Equity Bulls

Keywords

IPRings Q2FY23 H1FY23 ResultUpdate