Vardhman Special Steels Ltd Q1 FY2024 net profit up QoQ to Rs. 18.57 crores

Vardhman Special Steels Limited 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. 416.5983 crores during the period ended June 30, 2023 as compared to Rs. 427.2334 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 18.5709 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 13.6763 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 2.28 for the period ended June 30, 2023 as compared to Rs. 1.68 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 416.5983 crs	₹427.2334 crs	-2.49%
Net Profit	₹18.5709 crs	₹13.6763 crs	35.79%
EPS	₹2.28	₹1.68	35.71%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 416.5983 crores during the period ended June 30, 2023 as compared to Rs.475.0751 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.18.5709 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.30.2960 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.2.28 for the period ended June 30, 2023 as compared to Rs.3.72 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 416.5983 crs	₹475.0751 crs	-12.31%
Net Profit	₹18.5709 crs	₹30.2960 crs	-38.70%
EPS	₹2.28	₹3.72	-38.71%

Shares of Vardhman Special Steels Limited was last trading in BSE at Rs. 185.20 as compared to the previous close of Rs. 185.75. The total number of shares traded during the day was 6287 in over 289 trades.

The stock hit an intraday high of Rs. 187.60 and intraday low of 184.95. The net turnover during the day was Rs. 1168460.00.

Source : Equity Bulls

Keywords

VardhmanSpecialSteels Q1FY24 ResultUpdate