Sharda Ispat Ltd posts net profit of Rs. 3.53 crore in Q3 FY2024

SHARDA ISPAT LTD. has reported Standalone financial results for the period ended December 31, 2023.

Financial Results (Q3 FY2024) - QoQ Comparison

The company has reported total income of Rs. 58.8653 crores during the period ended December 31, 2023 as compared to Rs. 56.6251 crores during the period ended September 30, 2023.

The company has posted net profit / (loss) of Rs. 3.5393 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs. 3.9335 crores for the period ended September 30, 2023.

The company has reported EPS of Rs. 6.97 for the period ended December 31, 2023 as compared to Rs. 7.75 for the period ended September 30, 2023.

Financials	Q3 FY2024	Q2 FY2024	% Change
Total Income	₹ 58.8653 crs	₹56.6251 crs	3.96%
Net Profit	₹3.5393 crs	₹3.9335 crs	-10.02%
EPS	₹6.97	₹7.75	-10.06%

Financial Results (Q3 FY2024) - YoY Comparison

The company has reported total income of Rs. 58.8653 crores during the period ended December 31, 2023 as compared to Rs.45.2771 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.3.5393 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs.1.1158 crores for the period ended December 31, 2022.

The company has reported EPS of Rs.6.97 for the period ended December 31, 2023 as compared to Rs.2.20 for the period ended December 31, 2022.

Financials	Q3 FY2024	Q3 FY2023	% Change
Total Income	₹ 58.8653 crs	₹45.2771 crs	30.01%
Net Profit	₹3.5393 crs	₹1.1158 crs	217.20%
EPS	₹6.97	₹2.20	216.82%

Financial Results (9 Months Ended FY2024) - YoY Comparison

The company has reported total income of Rs.175.7601 crores during the 9 Months period ended December 31, 2023 as compared to Rs.102.3873 crores during the 9 Months period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.9.7875 crores for the 9 Months period ended December 31, 2023 as against net profit / (loss) of Rs.2.0722 crores for the 9 Months period ended December 31, 2022.

The company has reported EPS of Rs.19.28 for the 9 Months period ended December 31, 2023 as compared to Rs.4.08 for the 9 Months period ended December 31, 2022.

Financials	9 Months Ended FY2024	9 Months Ended FY2023	% Change
Total Income	₹175.7601 crs	₹102.3873 crs	71.66%
Net Profit	₹9.7875 crs	₹2.0722 crs	372.32%
EPS	₹19.28	₹4.08	372.55%

Shares of SHARDA ISPAT LTD. was last trading in BSE at Rs. 312.55 as compared to the previous close of Rs. 297.70. The total number of shares traded during the day was 1212 in over 17 trades.

The stock hit an intraday high of Rs. 312.55 and intraday low of 312.55. The net turnover during the day was Rs. 378810.00.

Source : Equity Bulls

Keywords

ShardaIspat Q3FY24 9MFY24 ResultUpdate