India Steel Works consolidated Q3 FY22 loss reduces QoQ to Rs. 4.13 crores

INDIA STEEL WORKS LTD. has reported Consolidated financial results for the period ended December 31, 2021.

Financial Results (Q3 FY2022) - QoQ Comparison

The company has reported total income of Rs. 11.9339 crores during the period ended December 31, 2021 as compared to Rs. 8.4139 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs. -4.1338 crores for the period ended December 31, 2021 as against net profit / (loss) of Rs. -6.8342 crores for the period ended September 30, 2021.

The company has reported EPS of Rs. -0.10 for the period ended December 31, 2021 as compared to Rs. -0.17 for the period ended September 30, 2021.

Financials	Q3 FY2022	Q2 FY2022	% Change
Total Income	₹ 11.9339 crs	₹8.4139 crs	41.84%
Net Profit	₹-4.1338 crs	₹-6.8342 crs	39.51%
EPS	₹-0.10	₹-0.17	41.18%

Financial Results (Q3 FY2022) - YoY Comparison

The company has reported total income of Rs. 11.9339 crores during the period ended December 31, 2021 as compared to Rs.51.2377 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.-4.1338 crores for the period ended December 31, 2021 as against net profit / (loss) of Rs.-1.0396 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.-0.10 for the period ended December 31, 2021 as compared to Rs.-0.03 for the period ended December 31, 2020.

Financials	Q3 FY2022	Q3 FY2021	% Change
Total Income	₹ 11.9339 crs	₹51.2377 crs	-76.71%
Net Profit	₹-4.1338 crs	₹-1.0396 crs	297.63%
EPS	₹-0.10	₹-0.03	233.33%

Financial Results (9 Months Ended FY2022) - YoY Comparison

The company has reported total income of Rs.25.9872 crores during the 9 Months period ended December 31, 2021 as compared to Rs.99.8738 crores during the 9 Months period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.-15.5847 crores for the 9 Months period ended December 31, 2021 as against net profit / (loss) of Rs.-12.6639 crores for the 9 Months period ended December 31, 2020.

The company has reported EPS of Rs.-0.39 for the 9 Months period ended December 31, 2021 as compared to Rs.-0.32 for the 9 Months period ended December 31, 2020.

Financials	9 Months Ended FY2022	9 Months Ended FY2021	% Change
Total Income	₹25.9872 crs	₹99.8738 crs	-73.98%
Net Profit	₹-15.5847 crs	₹-12.6639 crs	23.06%
EPS	₹-0.39	₹-0.32	21.88%

Shares of INDIA STEEL WORKS LTD. was last trading in BSE at Rs. 3.90 as compared to the previous close of Rs. 4.10. The total number of shares traded during the day was 339114 in over 860 trades.

The stock hit an intraday high of Rs. 3.90 and intraday low of 3.90. The net turnover during the day was Rs. 1322544.00.

Source : Equity Bulls

Keywords

IndiaSteelWorks Q3FY22 9MFY22 ResultUpdate