Welcast Steels Ltd Q4FY23 loss widens to Rs. 2.09 crore

WELCAST STEELS LTD. has reported Standalone financial results for the period ended March 31, 2023.

Financial Results (Q4 FY2023) - QoQ Comparison

The company has reported total income of Rs. 21.6419 crores during the period ended March 31, 2023 as compared to Rs. 19.8751 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs. -2.0908 crores for the period ended March 31, 2023 as against net profit / (loss) of Rs. -0.3675 crores for the period ended December 31, 2022.

The company has reported EPS of Rs. -32.76 for the period ended March 31, 2023 as compared to Rs. -5.76 for the period ended December 31, 2022.

Financials	Q4 FY2023	Q3 FY2023	% Change
Total Income	₹21.6419 crs	₹19.8751 crs	8.89%
Net Profit	₹-2.0908 crs	₹-0.3675 crs	468.93%
EPS	₹-32.76	₹-5.76	468.75%

Financial Results (Q4 FY2023) - YoY Comparison

The company has reported total income of Rs.21.6419 crores during the period ended March 31, 2023 as compared to Rs.23.2605 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs.-2.0908 crores for the period ended March 31, 2023 as against net profit / (loss) of Rs.0.1016 crores for the period ended March 31, 2022.

The company has reported EPS of Rs.-32.76 for the period ended March 31, 2023 as compared to Rs.1.59 for the period ended March 31, 2022.

Financials	Q4 FY2023	Q4 FY2022	% Change
Total Income	₹21.6419 crs	₹23.2605 crs	-6.96%
Net Profit	₹-2.0908 crs	₹0.1016 crs	-2,157.87%
EPS	₹-32.76	₹1.59	-2,160.38%

Financial Results (Year Ended FY2023) - YoY Comparison

The company has reported total income of Rs.94.6740 crores during the Financial Year ended March 31, 2023 as compared to Rs.86.6921 crores during the Financial Year ended March 31, 2022.

The company has posted net profit / (loss) of Rs.2.6402 crores for the Financial Year ended March 31, 2023 as against net profit / (loss) of Rs.-0.4914 crores for the Financial Year ended March 31, 2022.

The company has reported EPS of Rs.41.37 for the Financial Year ended March 31, 2023 as compared to Rs.-7.70 for the Financial Year ended March 31, 2022.

Financials	Year Ended FY2023	Year Ended FY2022	% Change
Total Income	₹94.6740 crs	₹86.6921 crs	9.21%
Net Profit	₹2.6402 crs	₹-0.4914 crs	637.28%
EPS	₹41.37	₹-7.70	637.27%

Shares of WELCAST STEELS LTD. was last trading in BSE at Rs. 748.00 as compared to the previous close of Rs. 703.40. The total number of shares traded during the day was 175 in over 30 trades.

The stock hit an intraday high of Rs. 769.50 and intraday low of 715.10. The net turnover during the day was Rs. 131054.00.

Source : Equity Bulls

Keywords

WelcastSteels Q4FY23 FY2023 ResultUpdate