Bharat Rasayan Q2 results: PAT falls 13% YoY to Rs 23 cr, revenue rises 8%
Following the earnings announcement, shares of Bharat Rasayan fell 1.3% to Rs 10,326.60 over its previous day’s closing price of Rs 10,466.15 per share. The stock has fallen more than 16% in the last six months, while it has surged nearly 3% in th...
By Navdeep Singh, ETMarkets.com |
Agencies
The chemical manufacturing company Bharat Rasayan on Wednesday reported a 13.37% fall in its profit after tax (PAT) to Rs 22.93 crore in the September quarter of FY23 against Rs 26.47 crore in the same quarter of FY22.
However, its revenue from operations increased 8.41% to Rs 291.77 crore in Q2FY23 from 269.13 crore in Q2FY22. The total expenses of the company increased 12% to Rs 263.88 crore in Q2FY23 from Rs 235.55 crore in Q2FY22.
The EPS of the company declined to Rs 55.18 in Q2FY23 from Rs 63.70 in Q2FY22.
Following the earnings announcement, shares of Bharat Rasayan fell 1.3% to Rs 10,326.60 over its previous day’s closing price of Rs 10,466.15 per share.
The stock has fallen more than 16% in the last six months, while it has surged nearly 3% in the past one year. On a year-to-date basis, the stock is down nearly 12%.
However, its revenue from operations increased 8.41% to Rs 291.77 crore in Q2FY23 from 269.13 crore in Q2FY22. The total expenses of the company increased 12% to Rs 263.88 crore in Q2FY23 from Rs 235.55 crore in Q2FY22.
The EPS of the company declined to Rs 55.18 in Q2FY23 from Rs 63.70 in Q2FY22.
Following the earnings announcement, shares of Bharat Rasayan fell 1.3% to Rs 10,326.60 over its previous day’s closing price of Rs 10,466.15 per share.
The stock has fallen more than 16% in the last six months, while it has surged nearly 3% in the past one year. On a year-to-date basis, the stock is down nearly 12%.
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