Gita Renewable Energy Ltd Q3FY23 PAT jumps to Rs. 6.26 crores

Gita Renewable Energy Ltd has reported Standalone financial results for the period ended December 31, 2022.

Financial Results (Q3 FY2023) - QoQ Comparison

The company has reported total income of Rs. 6.5136 crores during the period ended December 31, 2022 as compared to Rs. 1.6907 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. 6.2653 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. 1.3260 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. 15.24 for the period ended December 31, 2022 as compared to Rs. 3.22 for the period ended September 30, 2022.

Financials	Q3 FY2023	Q2 FY2023	% Change
Total Income	₹6.5136 crs	₹1.6907 crs	285.26%
Net Profit	₹6.2653 crs	₹1.3260 crs	372.50%
EPS	₹15.24	₹3.22	373.29%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.6.5136 crores during the period ended December 31, 2022 as compared to Rs.0.1083 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.6.2653 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.-3.0229 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.15.24 for the period ended December 31, 2022 as compared to Rs.-7.35 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹6.5136 crs	₹0.1083 crs	5,914.40%
Net Profit	₹6.2653 crs	₹-3.0229 crs	307.26%
EPS	₹15.24	₹-7.35	307.35%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.8.7985 crores during the 9 Months period ended December 31, 2022 as compared to Rs.1.8601 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.7.9672 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.-1.4593 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.19.37 for the 9 Months period ended December 31, 2022 as compared to Rs.-3.55 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹8.7985 crs	₹1.8601 crs	373.01%
Net Profit	₹7.9672 crs	₹-1.4593 crs	645.96%
EPS	₹19.37	₹-3.55	645.63%

Shares of Gita Renewable Energy Ltd was last trading in BSE at Rs. 93.50 as compared to the previous close of Rs. 98.65. The total number of shares traded during the day was 4661 in over 149 trades.

The stock hit an intraday high of Rs. 99.00 and intraday low of 90.05. The net turnover during the day was Rs. 448565.00.

Source : Equity Bulls

Keywords

GitaRenewableEnergy Q3FY23 9MFY23 ResultUpdate