Steel Strips Wheels Ltd Q3 FY2023-24 consolidated net profit at Rs. 59.41 crores

has reported Consolidated financial results for the period ended December 31, 2023.

Financial Results (Q3 FY2024) - QoQ Comparison

The company has reported total income of Rs. 1111.9887 crores during the period ended December 31, 2023 as compared to Rs. 1136.6804 crores during the period ended September 30, 2023.

The company has posted net profit / (loss) of Rs. 59.4131 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs. 52.3004 crores for the period ended September 30, 2023.

The company has reported EPS of Rs. 3.79 for the period ended December 31, 2023 as compared to Rs. 3.33 for the period ended September 30, 2023.

Financials	Q3 FY2024	Q2 FY2024	% Change
Total Income	₹ 1111.9887 crs	₹1136.6804 crs	-2.17%
Net Profit	₹59.4131 crs	₹52.3004 crs	13.60%
EPS	₹3.79	₹3.33	13.81%

Financial Results (Q3 FY2024) - YoY Comparison

The company has reported total income of Rs. 1111.9887 crores during the period ended December 31, 2023 as compared to Rs.940.4828 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.59.4131 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs.43.7656 crores for the period ended December 31, 2022.

The company has reported EPS of Rs.3.79 for the period ended December 31, 2023 as compared to Rs.2.79 for the period ended December 31, 2022.

Financials	Q3 FY2024	Q3 FY2023	% Change
Total Income	₹ 1111.9887 crs	₹940.4828 crs	18.24%
Net Profit	₹59.4131 crs	₹43.7656 crs	35.75%
EPS	₹3.79	₹2.79	35.84%

Financial Results (9 Months Ended FY2024) - YoY Comparison

The company has reported total income of Rs.3297.2826 crores during the 9 Months period ended December 31, 2023 as compared to Rs.3041.3259 crores during the 9 Months period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.159.1246 crores for the 9 Months period ended December 31, 2023 as against net profit / (loss) of Rs.146.5025 crores for the 9 Months period ended December 31, 2022.

The company has reported EPS of Rs.10.16 for the 9 Months period ended December 31, 2023 as compared to Rs.9.34 for the 9 Months period ended December 31, 2022.

Financials	9 Months Ended FY2024	9 Months Ended FY2023	% Change
Total Income	₹3297.2826 crs	₹3041.3259 crs	8.42%
Net Profit	₹159.1246 crs	₹146.5025 crs	8.62%
EPS	₹10.16	₹9.34	8.78%

Source : Equity Bulls

Keywords

SteelStripsWheels Q3FY24 9MFY24 ResultUpdate SSWL