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Stock Report
Prakash Industries Ltd Q1FY22 net profit down QoQ at Rs. 40.75 crore
Posted On : 2021-08-06 13:38:27( TIMEZONE : IST )
Prakash Industries Ltd., has reported financial results for the period ended June 30, 2021.
Financial Results (Q1 FY 2021-22) - QoQ Comparison
The company has reported total income of Rs.1033.55 crores during the period ended June 30, 2021 as compared to Rs.1035.16 crores during the period ended March 31, 2021.
The company has posted net profit / (loss) of Rs.40.75 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.51.66 crores for the period ended March 31, 2021.
The company has reported EPS of Rs.2.19 for the period ended June 30, 2021 as compared to Rs.2.83 for the period ended March 31, 2021.
| Financials | Q1 FY2021-22 | Q4 FY20-21 | % Change |
| Total Income | ₹ 1033.55 crs | ₹ 1035.16 crs |  -0.16% |
| Net Profit | ₹ 40.75 crs | ₹ 51.66 crs | -21.12% |
| EPS | ₹ 2.19 | ₹ 2.83 | -22.61% |
Financial Results (Q1 FY 2021-22) - YoY Comparison
The company has reported total income of Rs.1033.55 crores during the period ended June 30, 2021 as compared to Rs.530.51 crores during the period ended June 30, 2020.
The company has posted net profit / (loss) of Rs.40.75 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.3.19 crores for the period ended June 30, 2020.
The company has reported EPS of Rs.2.19 for the period ended June 30, 2021 as compared to Rs.0.18 for the period ended June 30, 2020.
| Financials | Q1 FY2021-22 | Q1 FY2020-21 | % Change |
| Total Income | ₹ 1033.55 crs | ₹ 530.51 crs |  94.82% |
| Net Profit | ₹ 40.75 crs | ₹ 3.19 crs | 1177.43% |
| EPS | ₹ 2.19 | ₹ 0.18 | 1116.67% |
Iron Ore Mining
The Company has mined ~1.8 lakh tonnes of Iron Ore from its Sirkaguttu mine, Odisha during the quarter. The Company plans to enhance the production capacity further in the following quarters which shall also contribute significantly to the margins of the Company.
Commercial Coal Mine
The Ministry of Coal had launched the 2nd tranche of auction of Coal Mines for Commercial Mining. The Company is pleased to inform that it had participated in the auction on 4th August, 2021 for Bhaskarpara Coal Mine in Chhattisgarh and has emerged as the "Preferred Bidder", as announced by the Ministry of Coal in its press note. The coal extracted from this mine could be used for captive consumption as well as for commercial sale.
Shares of Prakash Industries Ltd., was last trading in BSE at Rs. 83.5 as compared to the previous close of Rs. 79.1. The total number of shares traded during the day was 322192 in over 3575 trades.
The stock hit an intraday high of Rs. 84.7 and intraday low of 77. The net turnover during the day was Rs. 26211152.
