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Sarthak Metals - Quaterly Results

22 May 2024 Evaluate
The sales for the March 2024 quarter moved down to Rs. 706.54 millions as compared to Rs. 808.22 millions during the year-ago period.Net Profit of the company move down -70.08% to Rs. 17.31  millions from Rs. 57.85 millions  in the same quarter last year.A decline of 31.84 millions was observed in the OP in the quarter ended March 2024 from 84.65 millions on QoQ basis.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202403 202303 % Var 202403 202303 % Var 202403 202303 % Var
Sales 706.54 808.22 -12.58 3051.74 4084.26 -25.28 3051.74 4084.26 -25.28
Other Income 5.45 6.24 -12.66 19.25 38.05 -49.41 19.25 38.05 -49.41
PBIDT 31.84 84.65 -62.39 217.82 438.92 -50.37 217.82 438.92 -50.37
Interest 2.45 2.00 22.50 7.83 13.40 -41.57 7.83 13.40 -41.57
PBDT 29.39 82.65 -64.44 209.99 417.63 -49.72 209.99 417.63 -49.72
Depreciation 6.27 4.41 42.18 20.34 15.37 32.34 20.34 15.37 32.34
PBT 23.12 78.24 -70.45 189.65 402.26 -52.85 189.65 402.26 -52.85
TAX 5.81 20.39 -71.51 51.37 104.62 -50.90 51.37 104.62 -50.90
Deferred Tax -0.19 -0.21 -9.52 0.88 -0.38 -331.58 0.88 -0.38 -331.58
PAT 17.31 57.85 -70.08 138.28 297.64 -53.54 138.28 297.64 -53.54
Equity 136.90 136.90 0.00 136.90 136.90 0.00 136.90 136.90 0.00
PBIDTM(%) 4.51 10.47 -56.97 7.14 10.75 -33.58 7.14 10.75 -33.58
Peers
Company Name CMP
JSW Steel 1171.60
Tata Steel 172.30
Steel Authority 171.00
Jindal Stainless 706.00
APL Apollo Tubes 2156.15
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