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A decrease in the sales to Rs. 21511.90 millions was observed for the quarter ended March 2023. The sales stood at Rs. 23009.20 millions during the similar quarter previous year.Net profit surges 88.58% to Rs. 1555.40  millions  from Rs. 824.80 millions in the quarter ended March 2023.The company reported a good operating profit of 2539.40 millions compared to 1540.00 millions of corresponding previous quarter.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202303 202203 % Var 202303 202203 % Var 202303 202203 % Var
Sales 21511.90 23009.20 -6.51 79959.50 77300.70 3.44 79959.50 77300.70 3.44
Other Income 15.00 22.90 -34.50 52.20 57.20 -8.74 52.20 57.20 -8.74
PBIDT 2539.40 1540.00 64.90 6191.80 4482.00 38.15 6191.80 4482.00 38.15
Interest 98.80 150.50 -34.35 448.40 636.30 -29.53 448.40 636.30 -29.53
PBDT 2440.60 1389.50 75.65 5743.40 3845.70 49.35 5743.40 3845.70 49.35
Depreciation 288.30 277.20 4.00 1154.10 1083.80 6.49 1154.10 1083.80 6.49
PBT 2152.30 1112.30 93.50 4589.30 2761.90 66.16 4589.30 2761.90 66.16
TAX 596.90 287.50 107.62 1236.50 716.20 72.65 1236.50 716.20 72.65
Deferred Tax 154.60 -12.70 -1317.32 103.10 -72.00 -243.19 103.10 -72.00 -243.19
PAT 1555.40 824.80 88.58 3352.80 2045.70 63.89 3352.80 2045.70 63.89
Equity 538.10 533.30 0.90 538.10 533.30 0.90 538.10 533.30 0.90
PBIDTM(%) 11.80 6.69 76.37 7.74 5.80 33.56 7.74 5.80 33.56
Peers
Company Name CMP
JSW Steel 1274.05
Tata Steel 183.60
Steel Authority 176.60
Jindal Stainless 750.75
APL Apollo Tubes 2181.00
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