LGB Forge Ltd Q3 FY2023 loss at Rs. 4.38 crore

LGB Forge Limited 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. 26.2839 crores during the period ended December 31, 2022 as compared to Rs. 30.3477 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. -4.3832 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. -2.5078 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. -0.18 for the period ended December 31, 2022 as compared to Rs. -0.11 for the period ended September 30, 2022.

Financials	Q3 FY2023	Q2 FY2023	% Change
Total Income	₹26.2839 crs	₹30.3477 crs	-13.39%
Net Profit	₹-4.3832 crs	₹-2.5078 crs	74.78%
EPS	₹-0.18	₹-0.11	63.64%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.26.2839 crores during the period ended December 31, 2022 as compared to Rs.34.7726 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.-4.3832 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.1.0015 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.-0.18 for the period ended December 31, 2022 as compared to Rs.0.04 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹26.2839 crs	₹34.7726 crs	-24.41%
Net Profit	₹-4.3832 crs	₹1.0015 crs	-537.66%
EPS	₹-0.18	₹0.04	-550.00%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.84.8156 crores during the 9 Months period ended December 31, 2022 as compared to Rs.98.4541 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.-7.6407 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.3.1894 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.-0.32 for the 9 Months period ended December 31, 2022 as compared to Rs.0.13 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹84.8156 crs	₹98.4541 crs	-13.85%
Net Profit	₹-7.6407 crs	₹3.1894 crs	-339.57%
EPS	₹-0.32	₹0.13	-346.15%

Shares of LGB Forge Limited was last trading in BSE at Rs. 9.77 as compared to the previous close of Rs. 9.87. The total number of shares traded during the day was 5634 in over 60 trades.

The stock hit an intraday high of Rs. 10.15 and intraday low of 9.63. The net turnover during the day was Rs. 55609.00.

Source : Equity Bulls

Keywords

LGBForge Q3FY23 9MFY23 ResultUpdate