Coromandel Engineering Company Ltd Q3 FY2022-23 loss at Rs. 1.51 crore

COROMANDEL ENGINEERING COMPANY 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. 28.0371 crores during the period ended December 31, 2022 as compared to Rs. 36.0527 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. -1.5184 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. -1.1454 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. -0.46 for the period ended December 31, 2022 as compared to Rs. -0.34 for the period ended September 30, 2022.

Financials	Q3 FY2023	Q2 FY2023	% Change
Total Income	₹28.0371 crs	₹36.0527 crs	-22.23%
Net Profit	₹-1.5184 crs	₹-1.1454 crs	32.57%
EPS	₹-0.46	₹-0.34	35.29%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.28.0371 crores during the period ended December 31, 2022 as compared to Rs.34.1502 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.-1.5184 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.-1.5294 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.-0.46 for the period ended December 31, 2022 as compared to Rs.-0.46 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹28.0371 crs	₹34.1502 crs	-17.90%
Net Profit	₹-1.5184 crs	₹-1.5294 crs	0.72%
EPS	₹-0.46	₹-0.46	0.00%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.100.4298 crores during the 9 Months period ended December 31, 2022 as compared to Rs.91.9378 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.-4.0322 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.-6.9428 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.-1.21 for the 9 Months period ended December 31, 2022 as compared to Rs.-2.09 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹100.4298 crs	₹91.9378 crs	9.24%
Net Profit	₹-4.0322 crs	₹-6.9428 crs	41.92%
EPS	₹-1.21	₹-2.09	42.11%

Shares of COROMANDEL ENGINEERING COMPANY LTD. was last trading in BSE at Rs. 37.90 as compared to the previous close of Rs. 37.00. The total number of shares traded during the day was 2164 in over 15 trades.

The stock hit an intraday high of Rs. 38.30 and intraday low of 36.55. The net turnover during the day was Rs. 81726.00.

Source : Equity Bulls

Keywords

CoromandelEngineeringCompany Q3FY23 9MFY23 ResultUpdate