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The sales for the March 2023 quarter moved down to Rs. 2858.43 millions as compared to Rs. 3830.26 millions during the year-ago period.A big decline of -34.04% was reported for the quarter ended March 2023 to Rs. 241.60  millions from Rs. 366.29 millions of corresponding previous quarter.A decline of 416.92 millions was observed in the OP in the quarter ended March 2023 from 547.93 millions on QoQ basis.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202303 202203 % Var 202303 202203 % Var 202303 202203 % Var
Sales 2858.43 3830.26 -25.37 11284.16 12964.32 -12.96 11284.16 12964.32 -12.96
Other Income 7.59 98.64 -92.31 138.87 178.86 -22.36 138.87 178.86 -22.36
PBIDT 416.92 547.93 -23.91 1801.52 2403.24 -25.04 1801.52 2403.24 -25.04
Interest 23.14 33.08 -30.05 97.71 121.60 -19.65 97.71 121.60 -19.65
PBDT 393.78 514.85 -23.52 1703.81 2281.64 -25.33 1703.81 2281.64 -25.33
Depreciation 69.71 73.80 -5.54 229.29 215.88 6.21 229.29 215.88 6.21
PBT 324.07 441.05 -26.52 1474.52 2065.76 -28.62 1474.52 2065.76 -28.62
TAX 82.47 74.76 10.31 382.57 498.66 -23.28 382.57 498.66 -23.28
Deferred Tax 6.83 -23.93 -128.54 -3.07 -10.03 -69.39 -3.07 -10.03 -69.39
PAT 241.60 366.29 -34.04 1091.95 1567.10 -30.32 1091.95 1567.10 -30.32
Equity 190.91 190.91 0.00 190.91 190.91 0.00 190.91 190.91 0.00
PBIDTM(%) 14.59 14.31 1.96 15.97 18.54 -13.88 15.97 18.54 -13.88
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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