Manaksia Steels Ltd Q1 FY24 consolidated net profit climbs to Rs. 10.14 crores

Manaksia Steels Limited has reported Consolidated financial results for the period ended June 30, 2023.

Financial Results (Q1 FY2024) - QoQ Comparison

The company has reported total income of Rs. 221.5629 crores during the period ended June 30, 2023 as compared to Rs. 237.2461 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 10.1493 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 6.2248 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 1.55 for the period ended June 30, 2023 as compared to Rs. 0.95 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 221.5629 crs	₹237.2461 crs	-6.61%
Net Profit	₹10.1493 crs	₹6.2248 crs	63.05%
EPS	₹1.55	₹0.95	63.16%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 221.5629 crores during the period ended June 30, 2023 as compared to Rs.194.4402 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.10.1493 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.0.6575 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.1.55 for the period ended June 30, 2023 as compared to Rs.0.10 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 221.5629 crs	₹194.4402 crs	13.95%
Net Profit	₹10.1493 crs	₹0.6575 crs	1,443.62%
EPS	₹1.55	₹0.10	1,450.00%

Shares of Manaksia Steels Limited was last trading in BSE at Rs. 48.37 as compared to the previous close of Rs. 42.51. The total number of shares traded during the day was 91287 in over 374 trades.

The stock hit an intraday high of Rs. 50.30 and intraday low of 42.35. The net turnover during the day was Rs. 4405415.00.

Source : Equity Bulls

Keywords

ManaksiaSteels Q1FY24 ResultUpdate