VISA Steel Q3FY22 consolidated loss at Rs. 17.66 crores

Visa Steel Limited 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. 252.818 crores during the period ended December 31, 2021 as compared to Rs. 262.551 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs. -17.667 crores for the period ended December 31, 2021 as against net profit / (loss) of Rs. -27.993 crores for the period ended September 30, 2021.

The company has reported EPS of Rs. -1.53 for the period ended December 31, 2021 as compared to Rs. -2.42 for the period ended September 30, 2021.

Financials	Q3 FY2022	Q2 FY2022	% Change
Total Income	₹ 252.818 crs	₹262.551 crs	-3.71%
Net Profit	₹-17.667 crs	₹-27.993 crs	36.89%
EPS	₹-1.53	₹-2.42	36.78%

Financial Results (Q3 FY2022) - YoY Comparison

The company has reported total income of Rs. 252.818 crores during the period ended December 31, 2021 as compared to Rs.287.506 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.-17.667 crores for the period ended December 31, 2021 as against net profit / (loss) of Rs.-39.869 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.-1.53 for the period ended December 31, 2021 as compared to Rs.-3.44 for the period ended December 31, 2020.

Financials	Q3 FY2022	Q3 FY2021	% Change
Total Income	₹ 252.818 crs	₹287.506 crs	-12.07%
Net Profit	₹-17.667 crs	₹-39.869 crs	55.69%
EPS	₹-1.53	₹-3.44	55.52%

Financial Results (9 Months Ended FY2022) - YoY Comparison

The company has reported total income of Rs.762.826 crores during the 9 Months period ended December 31, 2021 as compared to Rs.640.463 crores during the 9 Months period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.-77.870 crores for the 9 Months period ended December 31, 2021 as against net profit / (loss) of Rs.-125.853 crores for the 9 Months period ended December 31, 2020.

The company has reported EPS of Rs.-6.73 for the 9 Months period ended December 31, 2021 as compared to Rs.-10.87 for the 9 Months period ended December 31, 2020.

Financials	9 Months Ended FY2022	9 Months Ended FY2021	% Change
Total Income	₹762.826 crs	₹640.463 crs	19.11%
Net Profit	₹-77.870 crs	₹-125.853 crs	38.13%
EPS	₹-6.73	₹-10.87	38.09%

Shares of Visa Steel Limited was last trading in BSE at Rs. 14.70 as compared to the previous close of Rs. 15.25. The total number of shares traded during the day was 4897 in over 70 trades.

The stock hit an intraday high of Rs. 15.70 and intraday low of 14.55. The net turnover during the day was Rs. 73204.00.

Source : Equity Bulls

Keywords

VisaSteel Q3FY22 9MFY22 ResultUpdate