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Ashirwad Steels &Ind - Quaterly Results

07 May 2024 Evaluate
The total revenue surged to Rs. 8.57 millions, up 169.50% for the March 2024 quarter as against Rs. 3.18 millions during the year-ago period.Handsome Net Profit growth of 64.77% reported above the corresponding previous quarter figure of Rs. 8.98 millions to Rs. 5.45 millions.OP of the company witnessed a marginal growth to 13.58 millions from 7.80 millions in the same quarter last year.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202403 202303 % Var 202403 202303 % Var 202403 202303 % Var
Sales 8.57 3.18 169.50 15.85 21.21 -25.27 15.85 21.21 -25.27
Other Income 7.82 6.20 26.13 28.14 23.22 21.19 28.14 23.22 21.19
PBIDT 13.58 7.80 74.10 33.24 28.84 15.26 33.24 28.84 15.26
Interest 0.07 0.00 0.00 0.62 0.24 158.33 0.62 0.24 158.33
PBDT 13.51 7.80 73.21 32.62 187.36 -82.59 32.62 187.36 -82.59
Depreciation 0.18 0.21 -14.29 0.76 0.77 -1.30 0.76 0.77 -1.30
PBT 13.33 7.59 75.63 31.86 186.59 -82.93 31.86 186.59 -82.93
TAX 4.35 2.14 103.27 9.31 18.93 -50.82 9.31 18.93 -50.82
Deferred Tax 0.24 0.32 -25.00 0.23 0.01 2200.00 0.23 0.01 2200.00
PAT 8.98 5.45 64.77 22.55 167.66 -86.55 22.55 167.66 -86.55
Equity 125.00 125.00 0.00 125.00 125.00 0.00 125.00 125.00 0.00
PBIDTM(%) 158.46 245.28 -35.40 209.72 135.97 54.23 209.72 135.97 54.23
Peers
Company Name CMP
JSW Steel 1267.50
Tata Steel 183.75
Steel Authority 174.65
Jindal Stainless 744.25
APL Apollo Tubes 2163.50
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