Orient Abrasives Ltd posts consolidated PAT of Rs. 2.49 crore in Q3FY23

Orient Abrasives Limited has reported Consolidated financial results for the period ended December 31, 2022.

Financial Results (Q3 FY2023) - QoQ Comparison

The company has reported total income of Rs. 57.5651 crores during the period ended December 31, 2022 as compared to Rs. 69.8544 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. 2.4973 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. 2.0050 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. 0.21 for the period ended December 31, 2022 as compared to Rs. 0.17 for the period ended September 30, 2022.

Financials	Q3 FY2023	Q2 FY2023	% Change
Total Income	₹57.5651 crs	₹69.8544 crs	-17.59%
Net Profit	₹2.4973 crs	₹2.0050 crs	24.55%
EPS	₹0.21	₹0.17	23.53%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.57.5651 crores during the period ended December 31, 2022 as compared to Rs.48.2544 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.2.4973 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.1.0413 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.0.21 for the period ended December 31, 2022 as compared to Rs.0.09 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹57.5651 crs	₹48.2544 crs	19.30%
Net Profit	₹2.4973 crs	₹1.0413 crs	139.83%
EPS	₹0.21	₹0.09	133.33%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.221.7653 crores during the 9 Months period ended December 31, 2022 as compared to Rs.195.3895 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.8.3283 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.4.6977 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.0.70 for the 9 Months period ended December 31, 2022 as compared to Rs.0.39 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹221.7653 crs	₹195.3895 crs	13.50%
Net Profit	₹8.3283 crs	₹4.6977 crs	77.28%
EPS	₹0.70	₹0.39	79.49%

Shares of Orient Abrasives Limited was last trading in BSE at Rs. 26.45 as compared to the previous close of Rs. 26.85. The total number of shares traded during the day was 4636 in over 124 trades.

The stock hit an intraday high of Rs. 28.10 and intraday low of 26.20. The net turnover during the day was Rs. 123048.00.

Source : Equity Bulls

Keywords

OrientAbrasives Q3FY23 9MFY23 ResultUpdate