SRU Steels Ltd posts Rs. 6.19 lakhs PAT in Q2 FY24

SRU Steels Ltd has reported Standalone financial results for the period ended September 30, 2023.

Financial Results (Q2 FY2024) - QoQ Comparison

The company has reported total income of Rs. 7.7176 crores during the period ended September 30, 2023 as compared to Rs. 9.1590 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. 0.0619 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. 0.0681 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. 0.05 for the period ended September 30, 2023 as compared to Rs. 0.06 for the period ended June 30, 2023.

Financials	Q2 FY2024	Q1 FY2024	% Change
Total Income	₹ 7.7176 crs	₹9.1590 crs	-15.74%
Net Profit	₹0.0619 crs	₹0.0681 crs	-9.10%
EPS	₹0.05	₹0.06	-16.67%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs. 7.7176 crores during the period ended September 30, 2023 as compared to Rs.2.5577 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.0.0619 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.0.0726 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.0.05 for the period ended September 30, 2023 as compared to Rs.0.09 for the period ended September 30, 2022.

Financials	Q2 FY2024	Q2 FY2023	% Change
Total Income	₹ 7.7176 crs	₹2.5577 crs	201.74%
Net Profit	₹0.0619 crs	₹0.0726 crs	-14.74%
EPS	₹0.05	₹0.09	-44.44%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.16.8766 crores during the 6 Months period ended September 30, 2023 as compared to Rs.4.1107 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.0.13 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.0.1065 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.0.11 for the 6 Months period ended September 30, 2023 as compared to Rs.0.13 for the 6 Months period ended September 30, 2022.

Financials	Half Year Ended FY2024	Half Year Ended FY2023	% Change
Total Income	₹16.8766 crs	₹4.1107 crs	310.55%
Net Profit	₹0.13 crs	₹0.1065 crs	22.07%
EPS	₹0.11	₹0.13	-15.38%

Shares of SRU Steels Ltd was last trading in BSE at Rs. 10.41 as compared to the previous close of Rs. 10.24. The total number of shares traded during the day was 40018 in over 224 trades.

The stock hit an intraday high of Rs. 10.48 and intraday low of 10.01. The net turnover during the day was Rs. 410003.00.

Source : Equity Bulls

Keywords

SRUSteels Q2FY24 H1FY24 ResultUpdate