During the quarter, Prakash Industries Ltd has achieved Net Sales of Rs. 1037 Crores as against Rs. 1167 Crores in the corresponding quarter of the last financial year. Operating Profit for the quarter increased to Rs. 138 Crores as against Rs. 132 Crores resulting in higher operating margin of 13% from 11% in the corresponding quarter of the last financial year. Profit after Tax also increased to Rs. 91 Crores as against Rs. 90 Crores in the corresponding quarter of the last financial year.
During the quarter, the Company extracted 2.82 lac MT of coal from its Bhaskarpara Coal Mine. The Company is likely to achieve the coal extraction of over 1 Mn tonnes in the current financial year.
Shares of Prakash Industries Limited was last trading in BSE at Rs. 162.05 as compared to the previous close of Rs. 176.20. The total number of shares traded during the day was 270822 in over 3708 trades.
The stock hit an intraday high of Rs. 179.50 and intraday low of 158.25. The net turnover during the day was Rs. 45123295.00.