Vikas Ecotech Quarterly Results: Check Q2FY23 net profit and more

Specialty chemical player Vikas Ecotech has announced its results for the period ended on September 30, 2022.  The company says its net profit jumped about 425 per cent to Rs 3.5 crore during the second quarter of ongoing fiscal, which was Rs 0.66 crore in the same quarter previous year, an official announcement said.

Its revenue jumped close to 80 per cent to Rs 134.93 crore during the Q2FY23. The company had clocked a revenue of Rs  Rs 75.23 crore in the year ago period.

On a sequential basis, it had reported a net profit of Rs 1.49 crore with a revenue of Rs 87.54 crore in the June 2022 quarter. The company registered improvement on a sequential basis as well.

For the half year ended on September 30, 2022, Vikas Ecotech reported a net profit of Rs 4.99 crore. The company had incurred a net loss of Rs 3.22 crore in the H1FY22.

It's total revenue jumped 143 per cent to Rs 224.07 crore in the first six months of financial year 2022-23. The company's total revenue stood at Rs 93.69 crore in the corresponding period last year.