Swadeshi Polytex Ltd Q3 FY2023 net profit soars to Rs. 7.87 crores

SWADESHI POLYTEX 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. 10.6141 crores during the period ended December 31, 2022 as compared to Rs. 4.9162 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. 7.8766 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. 3.6352 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. 2.02 for the period ended December 31, 2022 as compared to Rs. 0.93 for the period ended September 30, 2022.

Financials	Q3 FY2023	Q2 FY2023	% Change
Total Income	₹10.6141 crs	₹4.9162 crs	115.90%
Net Profit	₹7.8766 crs	₹3.6352 crs	116.68%
EPS	₹2.02	₹0.93	117.20%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.10.6141 crores during the period ended December 31, 2022 as compared to Rs.0.0393 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.7.8766 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.-0.2549 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.2.02 for the period ended December 31, 2022 as compared to Rs.-0.07 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹10.6141 crs	₹0.0393 crs	26,907.89%
Net Profit	₹7.8766 crs	₹-0.2549 crs	3,190.07%
EPS	₹2.02	₹-0.07	2,985.71%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.29.5731 crores during the 9 Months period ended December 31, 2022 as compared to Rs.0.2357 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.22.1325 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.-3.4114 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.5.67 for the 9 Months period ended December 31, 2022 as compared to Rs.-0.87 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹29.5731 crs	₹0.2357 crs	12,446.92%
Net Profit	₹22.1325 crs	₹-3.4114 crs	748.78%
EPS	₹5.67	₹-0.87	751.72%

Shares of SWADESHI POLYTEX LTD. was last trading in BSE at Rs. 35.20 as compared to the previous close of Rs. 32.00. The total number of shares traded during the day was 25811 in over 133 trades.

The stock hit an intraday high of Rs. 35.20 and intraday low of 28.85. The net turnover during the day was Rs. 857247.00.

Source : Equity Bulls

Keywords

SwadeshiPolytex Q3FY23 9MFY23 ResultUpdate