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Net sales declined -23.32%  to  Rs. 126.16 million from Rs. 164.53 millions.The Net Loss for the quarter ended June 2023 is Rs. -260.45 millions as compared to Net Loss of Rs. -201.30 millions of corresponding quarter ended June 2022The company reported a good operating profit of 24.12 millions compared to 17.06 millions of corresponding previous quarter.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202306 202206 % Var 202306 202206 % Var 202303 202203 % Var
Sales 126.16 164.53 -23.32 126.16 164.53 -23.32 586.33 791.24 -25.90
Other Income 0.12 0.20 -40.00 0.12 0.20 -40.00 1.31 0.85 54.12
PBIDT 24.12 17.06 41.38 24.12 17.06 41.38 102.23 100.23 2.00
Interest 214.45 148.31 44.60 214.45 148.31 44.60 785.21 576.69 36.16
PBDT -190.33 -131.25 45.01 -190.33 -131.25 45.01 398.41 37.58 960.16
Depreciation 70.12 70.05 0.10 70.12 70.05 0.10 281.22 280.79 0.15
PBT -260.45 -201.30 29.38 -260.45 -201.30 29.38 117.19 -243.21 -148.18
TAX 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.65 0.00
Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PAT -260.45 -201.30 29.38 -260.45 -201.30 29.38 117.19 -245.86 -147.67
Equity 116.12 116.12 0.00 116.12 116.12 0.00 116.12 116.12 0.00
PBIDTM(%) 19.12 10.37 84.38 19.12 10.37 84.38 17.44 12.67 37.64
Peers
Company Name CMP
JSW Steel 1261.70
Tata Steel 186.45
Steel Authority 184.85
Jindal Stainless 745.30
APL Apollo Tubes 2184.30
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