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Rathi Steel & Power - Quaterly Results

30 May 2024 Evaluate
The sales slipped to Rs. 1183.52 millions for the March 2024 quarter as against Rs. 1667.63 millions during the year-ago period.The Net Profit of the company slipped to Rs. 201.26 millions from Rs. 800.88 millions, a decline of -74.87% on QoQ basis.A decline of 41.17 millions was observed in the OP in the quarter ended March 2024 from 98.44 millions on QoQ basis.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202403 202303 % Var 202403 202303 % Var 202403 202303 % Var
Sales 1183.52 1667.63 -29.03 4928.26 7265.47 -32.17 4928.26 7265.47 -32.17
Other Income 1.65 1.25 32.00 34.58 10.23 238.03 34.58 10.23 238.03
PBIDT 41.17 98.44 -58.18 242.49 326.82 -25.80 242.49 326.82 -25.80
Interest 14.78 26.02 -43.20 117.36 121.03 -3.03 117.36 121.03 -3.03
PBDT 224.75 824.60 -72.74 323.49 957.97 -66.23 323.49 957.97 -66.23
Depreciation 22.76 21.23 7.21 87.43 83.25 5.02 87.43 83.25 5.02
PBT 201.99 803.37 -74.86 236.06 874.72 -73.01 236.06 874.72 -73.01
TAX 0.73 2.49 -70.68 0.73 2.49 -70.68 0.73 2.49 -70.68
Deferred Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
PAT 201.26 800.88 -74.87 235.33 872.23 -73.02 235.33 872.23 -73.02
Equity 850.60 313.08 171.69 850.63 313.08 171.70 850.63 313.08 171.70
PBIDTM(%) 3.48 5.90 -41.07 4.92 4.50 9.38 4.92 4.50 9.38
Peers
Company Name CMP
JSW Steel 1230.00
Tata Steel 179.10
Steel Authority 174.00
Jindal Stainless 732.40
APL Apollo Tubes 2119.90
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