In its fourth quarter ended March 31, 2022, Morarjee Textiles was able to record a 19.52 per cent surge in net profit to Rs -19.83 crore from Rs -23.70 crore during the quarter ended December 31, 2022.
As per an Equity Bulls report, the company’s total income surged by 3.19 per cent to Rs. 79.89 crore during the fourth ended March 31, 2022 as compared to Rs. 77.42 crores during the third ended December 31, 2021.
The company’s EPS increased by 19.42 per cent to Rs. -6.52 for the period ended March 31, 2022 as compared to Rs. -5.46 for the period ended December 31, 2021.
On a Y-o-Y basis, Morarjee Textiles’ the decline in profit grew by 73.37 cent to Rs -23.70 crore from Rs -13.67 crore in the corresponding quarter last year. The company’s total income grew by 23.14 per cent to Rs. 79.89 crore during the period ended March 31, 2022 as compared to Rs.64.88 crore during the period ended March 31, 2021.
The company has reported EPS of Rs.-6.52 for the period ended March 31, 2022 as compared to Rs.-3.76 for the period ended March 31, 2021.
