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Modern Steels - Quaterly Results

29 Aug 2022 Evaluate
The Sales for the quarter ended March 2022 of Rs. 92.70 million declined by -75.11% from Rs. 372.50 millions.A humble growth in net profit of 24.41% reported in the quarter ended March 2022 to Rs. 800.20  millions from Rs. 643.20 millions.Operating profit surged to 807.20 millions from the corresponding previous quarter of 43.10 millions.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202203 202103 % Var 202203 202103 % Var 202203 202103 % Var
Sales 92.70 372.50 -75.11 1020.40 835.30 22.16 1020.40 835.30 22.16
Other Income 798.60 18.10 4312.15 803.80 37.10 2066.58 803.80 37.10 2066.58
PBIDT 807.20 43.10 1772.85 805.80 -171.70 -569.31 805.80 -171.70 -569.31
Interest 7.00 0.70 900.00 8.60 4.60 86.96 8.60 4.60 86.96
PBDT 800.20 653.70 22.41 810.90 434.90 86.46 810.90 434.90 86.46
Depreciation 0.00 10.50 -100.00 35.90 48.70 -26.28 35.90 48.70 -26.28
PBT 800.20 643.20 24.41 775.00 386.20 100.67 775.00 386.20 100.67
TAX 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PAT 800.20 643.20 24.41 775.00 386.20 100.67 775.00 386.20 100.67
Equity 144.00 144.00 0.00 144.00 144.00 0.00 144.00 144.00 0.00
PBIDTM(%) 870.77 11.57 7425.74 78.97 -20.56 -484.17 78.97 -20.56 -484.17
Peers
Company Name CMP
JSW Steel 1295.70
Tata Steel 191.00
Steel Authority 184.55
Jindal Stainless 759.25
APL Apollo Tubes 2194.30
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