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The sales declined to Rs. 1284.10 millions for the March 2024 quarter as compared to Rs. 1536.50 millions during the corresponding quarter last year.The Net Loss for the quarter ended March 2024 is Rs. -76.70 millions as compared to Net Loss of Rs. -108.90 millions of corresponding quarter ended March 2023 Operating profit Margin for the quarter ended March 2024 improved to -84.60% as compared to -97.40% of corresponding quarter ended March 2023


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202403 202303 % Var 202403 202303 % Var 202403 202303 % Var
Sales 1284.10 1536.50 -16.43 6346.30 6391.00 -0.70 6346.30 6391.00 -0.70
Other Income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PBIDT -84.60 -97.40 -13.14 247.80 168.70 46.89 247.80 168.70 46.89
Interest 8.70 9.80 -11.22 40.20 25.90 55.21 40.20 25.90 55.21
PBDT -32.40 -107.20 -69.78 112.50 142.80 -21.22 112.50 142.80 -21.22
Depreciation 22.10 22.40 -1.34 89.00 89.50 -0.56 89.00 89.50 -0.56
PBT -54.50 -129.60 -57.95 23.50 53.30 -55.91 23.50 53.30 -55.91
TAX 22.20 -20.70 -207.25 -2.30 -13.40 -82.84 -2.30 -13.40 -82.84
Deferred Tax 21.40 -20.70 -203.38 -3.10 -13.40 -76.87 -3.10 -13.40 -76.87
PAT -76.70 -108.90 -29.57 25.80 66.70 -61.32 25.80 66.70 -61.32
Equity 198.00 198.00 0.00 198.00 198.00 0.00 198.00 198.00 0.00
PBIDTM(%) -6.59 -6.34 3.93 3.90 2.64 47.92 3.90 2.64 47.92
Peers
Company Name CMP
JSW Steel 1280.00
Tata Steel 187.70
Steel Authority 184.80
Jindal Stainless 746.20
APL Apollo Tubes 2206.00
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