Stock Report

Kandagiri Spinning Mills Ltd Q3 FY2023 consolidated PAT jumps to Rs. 78.41 lakhs



Posted On : 2023-02-10 22:12:15( TIMEZONE : IST )

Kandagiri Spinning Mills Ltd Q3 FY2023 consolidated PAT jumps to Rs. 78.41 lakhs

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. 1.3932 crores during the period ended December 31, 2022 as compared to Rs. 0.4713 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. 0.7841 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. 0.1778 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. 2.03 for the period ended December 31, 2022 as compared to Rs. 0.46 for the period ended September 30, 2022.

Financials Q3 FY2023 Q2 FY2023 % Change
Total Income ₹1.3932 crs ₹0.4713 crs Up Tick / Down Tick195.61%
Net Profit ₹0.7841 crs ₹0.1778 crs Up Tick / Down Tick341.00%
EPS ₹2.03 ₹0.46 Up Tick / Down Tick341.30%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.1.3932 crores during the period ended December 31, 2022 as compared to Rs.2.0009 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.0.7841 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.0.1175 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.2.03 for the period ended December 31, 2022 as compared to Rs.0.30 for the period ended December 31, 2021.

Financials Q3 FY2023 Q3 FY2022 % Change
Total Income ₹1.3932 crs ₹2.0009 crs Up Tick / Down Tick-30.37%
Net Profit ₹0.7841 crs ₹0.1175 crs Up Tick / Down Tick567.32%
EPS ₹2.03 ₹0.30 Up Tick / Down Tick576.67%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.2.3304 crores during the 9 Months period ended December 31, 2022 as compared to Rs.4.7051 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.0.9599 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.0.8329 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.2.49 for the 9 Months period ended December 31, 2022 as compared to Rs.2.16 for the 9 Months period ended December 31, 2021.

Financials 9 Months Ended FY2023 9 Months Ended FY2022 % Change
Total Income ₹2.3304 crs ₹4.7051 crs Up Tick / Down Tick-50.47%
Net Profit ₹0.9599 crs ₹0.8329 crs Up Tick / Down Tick15.25%
EPS ₹2.49 ₹2.16 Up Tick / Down Tick15.28%

Asset Quality:

Asset Quality Q3 FY2023 Q2 FY2023 Q3 FY2022
Gross NPA ₹ crs ₹ crs ₹ crs
Gross NPA % % % %
Net NPA ₹ crs ₹ crs ₹ crs
Net NPA % % % %


Gross NPA was at ₹ crs in Q3 FY2023 against ₹ crs in Q3 FY2022. The same was at ₹ crs in Q2 FY2023.

Net NPA was at ₹ crs in Q3 FY2023 against ₹ crs in Q3 FY2022. The same was at ₹ crs in Q2 FY2023.

GNPA was at % of Gross advances as on December 31, 2022 as compared to % as on December 31, 2021 and % as of September 30, 2022.

Net NPA was at % of Gross advances as on December 31, 2022 as compared to % as on December 31, 2021 and % as of September 30, 2022.

Ratios Q3 FY2023 Q2 FY2023 Q3 FY2022
RoA % % % %
CAR (BASEL III) % % % %


Return on Average Assets (RoA) is at % for Q3 FY2023 against % in Q2 FY2023 and % in Q3 FY2022.

In Q3 FY2023, Bank's total Capital Adequacy Ratio (CAR) was at %, as compared to % in Q2 FY2023 and % in Q3 FY2022.

Source : Equity Bulls

Keywords

KandagiriSpinningMills Q3FY23 9MFY23 ResultUpdate