Scan Steels Ltd Q3 FY2022-23 PAT at Rs. 1.02 crore

Scan Steels Limited 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. 302.0450 crores during the period ended December 31, 2022 as compared to Rs. 210.5515 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs. 1.0263 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs. -8.6057 crores for the period ended September 30, 2022.

The company has reported EPS of Rs. 0.20 for the period ended December 31, 2022 as compared to Rs. -1.64 for the period ended September 30, 2022.

Financials	Q3 FY2023	Q2 FY2023	% Change
Total Income	₹302.0450 crs	₹210.5515 crs	43.45%
Net Profit	₹1.0263 crs	₹-8.6057 crs	111.93%
EPS	₹0.20	₹-1.64	112.20%

Financial Results (Q3 FY2023) - YoY Comparison

The company has reported total income of Rs.302.0450 crores during the period ended December 31, 2022 as compared to Rs.259.9331 crores during the period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.1.0263 crores for the period ended December 31, 2022 as against net profit / (loss) of Rs.2.2239 crores for the period ended December 31, 2021.

The company has reported EPS of Rs.0.20 for the period ended December 31, 2022 as compared to Rs.0.42 for the period ended December 31, 2021.

Financials	Q3 FY2023	Q3 FY2022	% Change
Total Income	₹302.0450 crs	₹259.9331 crs	16.20%
Net Profit	₹1.0263 crs	₹2.2239 crs	-53.85%
EPS	₹0.20	₹0.42	-52.38%

Financial Results (9 Months Ended FY2023) - YoY Comparison

The company has reported total income of Rs.819.8105 crores during the 9 Months period ended December 31, 2022 as compared to Rs.661.1290 crores during the 9 Months period ended December 31, 2021.

The company has posted net profit / (loss) of Rs.12.9694 crores for the 9 Months period ended December 31, 2022 as against net profit / (loss) of Rs.25.9602 crores for the 9 Months period ended December 31, 2021.

The company has reported EPS of Rs.2.48 for the 9 Months period ended December 31, 2022 as compared to Rs.4.96 for the 9 Months period ended December 31, 2021.

Financials	9 Months Ended FY2023	9 Months Ended FY2022	% Change
Total Income	₹819.8105 crs	₹661.1290 crs	24.00%
Net Profit	₹12.9694 crs	₹25.9602 crs	-50.04%
EPS	₹2.48	₹4.96	-50.00%

Shares of Scan Steels Limited was last trading in BSE at Rs. 39.25 as compared to the previous close of Rs. 37.95. The total number of shares traded during the day was 19125 in over 98 trades.

The stock hit an intraday high of Rs. 39.50 and intraday low of 37.25. The net turnover during the day was Rs. 737670.00.

Source : Equity Bulls

Keywords

ScanSteels Q3FY23 9MFY23 ResultUpdate