Kalyani Steels Ltd posts net profit of Rs. 65.33 crores in Q3 FY2024

Kalyani Steels Limited 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. 491.997 crores during the period ended December 31, 2023 as compared to Rs. 489.146 crores during the period ended September 30, 2023.

The company has posted net profit / (loss) of Rs. 65.331 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs. 58.324 crores for the period ended September 30, 2023.

The company has reported EPS of Rs. 14.97 for the period ended December 31, 2023 as compared to Rs. 13.36 for the period ended September 30, 2023.

Financials	Q3 FY2024	Q2 FY2024	% Change
Total Income	₹ 491.997 crs	₹489.146 crs	0.58%
Net Profit	₹65.331 crs	₹58.324 crs	12.01%
EPS	₹14.97	₹13.36	12.05%

Financial Results (Q3 FY2024) - YoY Comparison

The company has reported total income of Rs. 491.997 crores during the period ended December 31, 2023 as compared to Rs.462.701 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.65.331 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs.39.076 crores for the period ended December 31, 2022.

The company has reported EPS of Rs.14.97 for the period ended December 31, 2023 as compared to Rs.8.96 for the period ended December 31, 2022.

Financials	Q3 FY2024	Q3 FY2023	% Change
Total Income	₹ 491.997 crs	₹462.701 crs	6.33%
Net Profit	₹65.331 crs	₹39.076 crs	67.19%
EPS	₹14.97	₹8.96	67.08%

Financial Results (9 Months Ended FY2024) - YoY Comparison

The company has reported total income of Rs.1490.433 crores during the 9 Months period ended December 31, 2023 as compared to Rs.1481.377 crores during the 9 Months period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.184.905 crores for the 9 Months period ended December 31, 2023 as against net profit / (loss) of Rs.97.327 crores for the 9 Months period ended December 31, 2022.

The company has reported EPS of Rs.42.36 for the 9 Months period ended December 31, 2023 as compared to Rs.22.30 for the 9 Months period ended December 31, 2022.

Financials	9 Months Ended FY2024	9 Months Ended FY2023	% Change
Total Income	₹1490.433 crs	₹1481.377 crs	0.61%
Net Profit	₹184.905 crs	₹97.327 crs	89.98%
EPS	₹42.36	₹22.30	89.96%

Shares of Kalyani Steels Limited was last trading in BSE at Rs. 677.00 as compared to the previous close of Rs. 645.65. The total number of shares traded during the day was 67396 in over 3406 trades.

The stock hit an intraday high of Rs. 685.00 and intraday low of 642.00. The net turnover during the day was Rs. 44751859.00.

Source : Equity Bulls

Keywords

KalyaniSteels Q3FY24 9MFY24 ResultUpdate