Steelcast Ltd reports jump in Q3FY23 net profit to Rs. 19.28 crores

STEELCAST LTD. has reported Standalone financial results for the period ended December 31, 2022.

Financial Results (Q3 FY2023) - QoQ Comparison

The company has reported total income of Rs. 119.7960 crores during the period ended December 31, 2022 as compared to Rs. 121.7962 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. 19.2813 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. 17.5609 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. 9.53 for the period ended December 31, 2022 as compared to Rs. 8.68 for the period ended September 30, 2022.

Financials	Q3 FY2023	Q2 FY2023	% Change
Total Income	₹119.7960 crs	₹121.7962 crs	-1.64%
Net Profit	₹19.2813 crs	₹17.5609 crs	9.80%
EPS	₹9.53	₹8.68	9.79%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.119.7960 crores during the period ended December 31, 2022 as compared to Rs.79.0622 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.19.2813 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.8.5370 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.9.53 for the period ended December 31, 2022 as compared to Rs.4.22 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹119.7960 crs	₹79.0622 crs	51.52%
Net Profit	₹19.2813 crs	₹8.5370 crs	125.86%
EPS	₹9.53	₹4.22	125.83%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.357.5160 crores during the 9 Months period ended December 31, 2022 as compared to Rs.209.1939 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.50.9799 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.23.6407 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.25.19 for the 9 Months period ended December 31, 2022 as compared to Rs.11.68 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹357.5160 crs	₹209.1939 crs	70.90%
Net Profit	₹50.9799 crs	₹23.6407 crs	115.64%
EPS	₹25.19	₹11.68	115.67%

Shares of STEELCAST LTD. was last trading in BSE at Rs. 484.15 as compared to the previous close of Rs. 486.70. The total number of shares traded during the day was 2185 in over 597 trades.

The stock hit an intraday high of Rs. 489.95 and intraday low of 472.05. The net turnover during the day was Rs. 1054339.00.

Source : Equity Bulls

Keywords

Steelcast Q3FY23 9MFY23 ResultUpdate