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Meenakshi Steel - Quaterly Results

22 May 2023 Evaluate
The sales for the March 2023 quarter moved down to Rs. 45.90 millions as compared to Rs. 54.19 millions during the year-ago period.The Net Loss for the quarter ended March 2023 is Rs. -59.37 millions as compared to Net Profit of Rs. 7.88 millions of corresponding quarter ended March 2022The company reported a degrowth in operating Profit to 28.32 millions from 54.04 millions.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202303 202203 % Var 202303 202203 % Var 202303 202203 % Var
Sales 45.90 54.19 -15.30 242.66 196.09 23.75 242.66 196.09 23.75
Other Income 0.59 0.00 0.00 6.43 5.59 15.03 6.43 5.59 15.03
PBIDT 28.32 54.04 -47.59 212.17 199.62 6.29 212.17 199.62 6.29
Interest 45.93 43.66 5.20 196.06 142.56 37.53 196.06 142.56 37.53
PBDT -17.61 10.38 -269.65 16.11 57.06 -71.77 16.11 57.06 -71.77
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PBT -17.61 10.38 -269.65 16.11 57.06 -71.77 16.11 57.06 -71.77
TAX 41.76 2.50 1570.40 50.36 14.50 247.31 50.36 14.50 247.31
Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PAT -59.37 7.88 -853.43 -34.25 42.56 -180.47 -34.25 42.56 -180.47
Equity 19.92 19.92 0.00 19.92 19.92 0.00 19.92 19.92 0.00
PBIDTM(%) 61.70 99.72 -38.13 87.44 101.80 -14.11 87.44 101.80 -14.11
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