Welcast Steels Ltd Q2 FY2024 PAT soars to Rs. 2.08 crore

WELCAST 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. 28.2197 crores during the period ended September 30, 2023 as compared to Rs. 19.6484 crores during the period ended June 30, 2023.

The company has posted net profit / (loss) of Rs. 2.0871 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs. 0.5890 crores for the period ended June 30, 2023.

The company has reported EPS of Rs. 32.70 for the period ended September 30, 2023 as compared to Rs. 9.23 for the period ended June 30, 2023.

Financials	Q2 FY2024	Q1 FY2024	% Change
Total Income	₹ 28.2197 crs	₹19.6484 crs	43.62%
Net Profit	₹2.0871 crs	₹0.5890 crs	254.35%
EPS	₹32.70	₹9.23	254.28%

Financial Results (Q2 FY2024) - YoY Comparison

The company has reported total income of Rs. 28.2197 crores during the period ended September 30, 2023 as compared to Rs.9.6929 crores during the period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.2.0871 crores for the period ended September 30, 2023 as against net profit / (loss) of Rs.1.0815 crores for the period ended September 30, 2022.

The company has reported EPS of Rs.32.70 for the period ended September 30, 2023 as compared to Rs.16.95 for the period ended September 30, 2022.

Financials	Q2 FY2024	Q2 FY2023	% Change
Total Income	₹ 28.2197 crs	₹9.6929 crs	191.14%
Net Profit	₹2.0871 crs	₹1.0815 crs	92.98%
EPS	₹32.70	₹16.95	92.92%

Financial Results (Half Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.47.8681 crores during the 6 Months period ended September 30, 2023 as compared to Rs.53.1570 crores during the 6 Months period ended September 30, 2022.

The company has posted net profit / (loss) of Rs.2.6761 crores for the 6 Months period ended September 30, 2023 as against net profit / (loss) of Rs.5.0985 crores for the 6 Months period ended September 30, 2022.

The company has reported EPS of Rs.41.93 for the 6 Months period ended September 30, 2023 as compared to Rs.79.89 for the 6 Months period ended September 30, 2022.

Financials	Half Year Ended FY2024	Half Year Ended FY2023	% Change
Total Income	₹47.8681 crs	₹53.1570 crs	-9.95%
Net Profit	₹2.6761 crs	₹5.0985 crs	-47.51%
EPS	₹41.93	₹79.89	-47.52%

Shares of WELCAST STEELS LTD. was last trading in BSE at Rs. 889.00 as compared to the previous close of Rs. 870.00. The total number of shares traded during the day was 301 in over 5 trades.

The stock hit an intraday high of Rs. 890.00 and intraday low of 875.00. The net turnover during the day was Rs. 264795.00.

Source : Equity Bulls

Keywords

WelcastSteels Q2FY24 H1FY24 ResultUpdate