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Net sales declined -15.81%  to  Rs. 10328.66 million from Rs. 12268.78 millions.Profit after Tax for the quarter ended March 2023 saw a decline of -50.57% from Rs. 1144.19 millions to Rs. 565.62  millions.Operating profit for the quarter ended March 2023 decreased to 987.25 millions as compared to 1699.95 millions of corresponding quarter ended March 2022.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202303 202203 % Var 202303 202203 % Var 202303 202203 % Var
Sales 10328.66 12268.78 -15.81 39588.65 42495.08 -6.84 39588.65 42495.08 -6.84
Other Income 175.86 114.77 53.23 555.49 400.31 38.76 555.49 400.31 38.76
PBIDT 987.25 1699.95 -41.92 2696.00 5401.87 -50.09 2696.00 5401.87 -50.09
Interest 47.65 17.08 178.98 122.13 82.01 48.92 122.13 82.01 48.92
PBDT 939.60 1682.87 -44.17 2573.87 5319.86 -51.62 2573.87 5319.86 -51.62
Depreciation 169.48 161.53 4.92 644.73 608.02 6.04 644.73 608.02 6.04
PBT 770.12 1521.34 -49.38 1929.14 4711.84 -59.06 1929.14 4711.84 -59.06
TAX 204.50 377.15 -45.78 500.92 1182.72 -57.65 500.92 1182.72 -57.65
Deferred Tax 23.49 4.41 432.65 -15.96 1.68 -1050.00 -15.96 1.68 -1050.00
PAT 565.62 1144.19 -50.57 1428.22 3529.12 -59.53 1428.22 3529.12 -59.53
Equity 1047.98 1047.98 0.00 1047.98 1047.98 0.00 1047.98 1047.98 0.00
PBIDTM(%) 9.56 13.86 -31.02 6.81 12.71 -46.43 6.81 12.71 -46.43
Peers
Company Name CMP
JSW Steel 1280.00
Tata Steel 187.70
Steel Authority 184.80
Jindal Stainless 747.90
APL Apollo Tubes 2206.00
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