Varun Mercantile Ltd Q3FY23 profit at Rs. 0.28 lakh

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. 0.0425 crores during the period ended December 31, 2022 as compared to Rs. 0.0881 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. 0.0028 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. 0.0333 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. 0.01 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	₹0.0425 crs	₹0.0881 crs	-51.76%
Net Profit	₹0.0028 crs	₹0.0333 crs	-91.59%
EPS	₹0.01	₹0.17	-94.12%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.0.0425 crores during the period ended December 31, 2022 as compared to Rs.0.0365 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.0.0028 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.-0.0052 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.0.01 for the period ended December 31, 2022 as compared to Rs.-0.03 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹0.0425 crs	₹0.0365 crs	16.44%
Net Profit	₹0.0028 crs	₹-0.0052 crs	153.85%
EPS	₹0.01	₹-0.03	133.33%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.0.1920 crores during the 9 Months period ended December 31, 2022 as compared to Rs.0.1872 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.0.0515 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.0.0094 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.0.26 for the 9 Months period ended December 31, 2022 as compared to Rs.0.05 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹0.1920 crs	₹0.1872 crs	2.56%
Net Profit	₹0.0515 crs	₹0.0094 crs	447.87%
EPS	₹0.26	₹0.05	420.00%

Source : Equity Bulls

Keywords

VarunMercantile Q3FY23 9MFY23 ResultUpdate