Kanishk Steel Industries Ltd Q1 FY23 PAT slides to Rs. 34.45 lakhs

KANISHK STEEL INDUSTRIES LTD. has reported Standalone financial results for the period ended June 30, 2022.

Financial Results (Q1 FY2023) - QoQ Comparison

The company has reported total income of Rs. 90.8690 crores during the period ended June 30, 2022 as compared to Rs. 99.9038 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs. 0.3445 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs. 7.3119 crores for the period ended March 31, 2022.

The company has reported EPS of Rs. 0.12 for the period ended June 30, 2022 as compared to Rs. 2.57 for the period ended March 31, 2022.

Financials	Q1 FY2023	Q4 FY2022	% Change
Total Income	₹ 90.8690 crs	₹99.9038 crs	-9.04%
Net Profit	₹0.3445 crs	₹7.3119 crs	-95.29%
EPS	₹0.12	₹2.57	-95.33%

Financial Results (Q1 FY2023) - YoY Comparison

The company has reported total income of Rs. 90.8690 crores during the period ended June 30, 2022 as compared to Rs.46.6788 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs.0.3445 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs.3.5859 crores for the period ended June 30, 2021.

The company has reported EPS of Rs.0.12 for the period ended June 30, 2022 as compared to Rs.1.26 for the period ended June 30, 2021.

Financials	Q1 FY2023	Q1 FY2022	% Change
Total Income	₹ 90.8690 crs	₹46.6788 crs	94.67%
Net Profit	₹0.3445 crs	₹3.5859 crs	-90.39%
EPS	₹0.12	₹1.26	-90.48%

Shares of KANISHK STEEL INDUSTRIES LTD. was last trading in BSE at Rs. 32.40 as compared to the previous close of Rs. 31.20. The total number of shares traded during the day was 5596 in over 39 trades.

The stock hit an intraday high of Rs. 32.65 and intraday low of 31.25. The net turnover during the day was Rs. 180462.00.

Source : Equity Bulls

Keywords

KanishkSteelIndustries Q1FY23 ResultUpdate