Welcast Steels Ltd Q1 FY2024 net profit at Rs. 58.90 lakhs

WELCAST STEELS LTD. has reported Standalone financial results for the period ended June 30, 2023.

Financial Results (Q1 FY2024) - QoQ Comparison

The company has reported total income of Rs. 19.6484 crores during the period ended June 30, 2023 as compared to Rs. 21.6419 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 0.5890 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. -2.0908 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 9.232 for the period ended June 30, 2023 as compared to Rs. -32.76 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹19.6484 crs	₹21.6419 crs	-9.21%
Net Profit	₹0.5890 crs	₹-2.0908 crs	128.17%
EPS	₹9.232	₹-32.76	128.18%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs.19.6484 crores during the period ended June 30, 2023 as compared to Rs.43.4641 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.0.5890 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.4.0170 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.9.232 for the period ended June 30, 2023 as compared to Rs.62.94 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹19.6484 crs	₹43.4641 crs	-54.79%
Net Profit	₹0.5890 crs	₹4.0170 crs	-85.34%
EPS	₹9.232	₹62.94	-85.33%

Shares of WELCAST STEELS LTD. was last trading in BSE at Rs. 876.00 as compared to the previous close of Rs. 883.20. The total number of shares traded during the day was 93 in over 13 trades.

The stock hit an intraday high of Rs. 876.30 and intraday low of 876.00. The net turnover during the day was Rs. 81475.00.

Source : Equity Bulls

Keywords

WelcastSteels Q1FY24 ResultUpdate