Other income boosts Prakash Steelage's Q3FY22 PAT to Rs. 40.03 crores

Prakash Steelage Limited has reported Standalone financial results for the period ended December 31, 2021.

Financial Results (Q3 FY2022) - QoQ Comparison

The company has reported total income of Rs. 51.7869 crores during the period ended December 31, 2021 as compared to Rs. 9.1531 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs. 40.0397 crores for the period ended December 31, 2021 as against net profit / (loss) of Rs. -0.9732 crores for the period ended September 30, 2021.

The company has reported EPS of Rs. 2.29 for the period ended December 31, 2021 as compared to Rs. -0.06 for the period ended September 30, 2021.

Financials	Q3 FY2022	Q2 FY2022	% Change
Total Income	₹ 51.7869 crs	₹9.1531 crs	465.79%
Net Profit	₹40.0397 crs	₹-0.9732 crs	4,214.23%
EPS	₹2.29	₹-0.06	3,916.67%

Financial Results (Q3 FY2022) - YoY Comparison

The company has reported total income of Rs. 51.7869 crores during the period ended December 31, 2021 as compared to Rs.6.5562 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.40.0397 crores for the period ended December 31, 2021 as against net profit / (loss) of Rs.-1.7164 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.2.29 for the period ended December 31, 2021 as compared to Rs.-0.10 for the period ended December 31, 2020.

Financials	Q3 FY2022	Q3 FY2021	% Change
Total Income	₹ 51.7869 crs	₹6.5562 crs	689.89%
Net Profit	₹40.0397 crs	₹-1.7164 crs	2,432.77%
EPS	₹2.29	₹-0.10	2,390.00%

Financial Results (9 Months Ended FY2022) - YoY Comparison

The company has reported total income of Rs.69.7066 crores during the 9 Months period ended December 31, 2021 as compared to Rs.16.3290 crores during the 9 Months period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.40.0132 crores for the 9 Months period ended December 31, 2021 as against net profit / (loss) of Rs.-1.6336 crores for the 9 Months period ended December 31, 2020.

The company has reported EPS of Rs.2.29 for the 9 Months period ended December 31, 2021 as compared to Rs.-0.09 for the 9 Months period ended December 31, 2020.

Financials	9 Months Ended FY2022	9 Months Ended FY2021	% Change
Total Income	₹69.7066 crs	₹16.3290 crs	326.89%
Net Profit	₹40.0132 crs	₹-1.6336 crs	2,549.39%
EPS	₹2.29	₹-0.09	2,644.44%

Shares of Prakash Steelage Limited was last trading in BSE at Rs. 6.03 as compared to the previous close of Rs. 5.75. The total number of shares traded during the day was 852048 in over 517 trades.

The stock hit an intraday high of Rs. 6.03 and intraday low of 5.89. The net turnover during the day was Rs. 5128381.00.

Source : Equity Bulls

Keywords

PrakashSteelage Q3FY22 9MFY22 ResultUpdate