Kanishk Steel Industries Ltd Q1FY24 PAT up at Rs. 1.41 crore

KANISHK STEEL INDUSTRIES 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. 108.7394 crores during the period ended June 30, 2023 as compared to Rs. 110.1811 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 1.4104 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. -1.3754 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 0.50 for the period ended June 30, 2023 as compared to Rs. -0.48 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 108.7394 crs	₹110.1811 crs	-1.31%
Net Profit	₹1.4104 crs	₹-1.3754 crs	202.54%
EPS	₹0.50	₹-0.48	204.17%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 108.7394 crores during the period ended June 30, 2023 as compared to Rs.90.8691 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.1.4104 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.0.3446 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.0.50 for the period ended June 30, 2023 as compared to Rs.0.12 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 108.7394 crs	₹90.8691 crs	19.67%
Net Profit	₹1.4104 crs	₹0.3446 crs	309.29%
EPS	₹0.50	₹0.12	316.67%

Shares of KANISHK STEEL INDUSTRIES LTD. was last trading in BSE at Rs. 29.90 as compared to the previous close of Rs. 29.28. The total number of shares traded during the day was 3371 in over 43 trades.

The stock hit an intraday high of Rs. 30.85 and intraday low of 28.00. The net turnover during the day was Rs. 98345.00.

Source : Equity Bulls

Keywords

KanishkSteelIndustries Q1FY24 ResultUpdate