Norben Tea and Exports Ltd Q3FY23 loss at Rs. 20.63 lakhs

Norben Tea & Exports 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. 2.0642 crores during the period ended December 31, 2022 as compared to Rs. 2.8138 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. -0.2063 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. 0.5068 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. 0.43 for the period ended September 30, 2022.

Financials	Q3 FY2023	Q2 FY2023	% Change
Total Income	₹2.0642 crs	₹2.8138 crs	-26.64%
Net Profit	₹-0.2063 crs	₹0.5068 crs	-140.71%
EPS	₹-0.18	₹0.43	-141.86%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.2.0642 crores during the period ended December 31, 2022 as compared to Rs.1.8553 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.-0.2063 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.-0.1739 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.-0.15 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹2.0642 crs	₹1.8553 crs	11.26%
Net Profit	₹-0.2063 crs	₹-0.1739 crs	18.63%
EPS	₹-0.18	₹-0.15	20.00%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.7.0398 crores during the 9 Months period ended December 31, 2022 as compared to Rs.5.2149 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.0.6902 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.0.4262 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.0.59 for the 9 Months period ended December 31, 2022 as compared to Rs.0.36 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹7.0398 crs	₹5.2149 crs	34.99%
Net Profit	₹0.6902 crs	₹0.4262 crs	61.94%
EPS	₹0.59	₹0.36	63.89%

Shares of Norben Tea & Exports Limited was last trading in BSE at Rs. 11.35 as compared to the previous close of Rs. 11.30. The total number of shares traded during the day was 14291 in over 54 trades.

The stock hit an intraday high of Rs. 11.75 and intraday low of 10.75. The net turnover during the day was Rs. 155103.00.

Source : Equity Bulls

Keywords

NorbenTeaandExports Q3FY23 9MFY23 ResultUpdate