Scan Steels Ltd Q4 FY24 consolidated profit climbs to Rs. 11.43 crores

Scan Steels Limited has reported Consolidated financial results for the period ended March 31, 2024.

Financial Results (Q4 FY2024) - QoQ Comparison

The company has reported total income of Rs. 258.2037 crores during the period ended March 31, 2024 as compared to Rs. 219.5629 crores during the period ended December 31, 2023.

The company has posted net profit / (loss) of Rs. 11.4344 crores for the period ended March 31, 2024 as against net profit / (loss) of Rs. 1.5727 crores for the period ended December 31, 2023.

The company has reported EPS of Rs. 2.17 for the period ended March 31, 2024 as compared to Rs. 0.30 for the period ended December 31, 2023.

Financials	Q4 FY2024	Q3 FY2024	% Change
Total Income	₹ 258.2037 crs	₹219.5629 crs	17.60%
Net Profit	₹11.4344 crs	₹1.5727 crs	627.06%
EPS	₹2.17	₹0.30	623.33%

Financial Results (Q4 FY2024) - YoY Comparison

The company has reported total income of Rs. 258.2037 crores during the period ended March 31, 2024 as compared to Rs.276.9646 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs.11.4344 crores for the period ended March 31, 2024 as against net profit / (loss) of Rs.2.3495 crores for the period ended March 31, 2023.

The company has reported EPS of Rs.2.17 for the period ended March 31, 2024 as compared to Rs.0.45 for the period ended March 31, 2023.

Financials	Q4 FY2024	Q4 FY2023	% Change
Total Income	₹ 258.2037 crs	₹276.9646 crs	-6.77%
Net Profit	₹11.4344 crs	₹2.3495 crs	386.67%
EPS	₹2.17	₹0.45	382.22%

Financial Results (Year Ended FY2024) - YoY Comparison

The company has reported total income of Rs.967.4305 crores during the Financial Year ended March 31, 2024 as compared to Rs.1096.7752 crores during the Financial Year ended March 31, 2023.

The company has posted net profit / (loss) of Rs.21.0544 crores for the Financial Year ended March 31, 2024 as against net profit / (loss) of Rs.15.3190 crores for the Financial Year ended March 31, 2023.

The company has reported EPS of Rs.4 for the Financial Year ended March 31, 2024 as compared to Rs.2.93 for the Financial Year ended March 31, 2023.

Financials	Year Ended FY2024	Year Ended FY2023	% Change
Total Income	₹967.4305 crs	₹1096.7752 crs	-11.79%
Net Profit	₹21.0544 crs	₹15.3190 crs	37.44%
EPS	₹4	₹2.93	36.52%

Shares of Scan Steels Limited was last trading in BSE at Rs. 69.45 as compared to the previous close of Rs. 70.23. The total number of shares traded during the day was 5342 in over 58 trades.

The stock hit an intraday high of Rs. 70.00 and intraday low of 67.25. The net turnover during the day was Rs. 371700.00.

Source : Equity Bulls

Keywords

ScanSteels Q4FY24 FY2024 ResultUpdate