Prakash Steelage Q1 Results Revenue Declines to ₹1,676.98 Lakhs and Net Profit Falls to ₹8.50 Lakhs

Prakash Steelage Q1 Results 2024-2025: Prakash Steelage declared its Q1 results on 13 August 2024, showcasing a mixed performance. The company's revenue from operations for the quarter ended 30 June 2024 stood at ₹1,676.98 lakhs, representing a 42.25% year-over-year decline from ₹2,903.74 lakhs in the corresponding quarter of the previous year.

The total income also dropped by 35.89% YoY, from ₹4,915.59 lakhs in Q1 FY2023-2024 to ₹3,149.51 lakhs this quarter. Despite the decline in revenue, Prakash Steelage reported a modest profit before tax of ₹13.43 lakhs, although this is a significant decrease compared to the ₹2,108.75 lakhs profit reported in Q1 of the previous fiscal year.

The company's expenses also saw a notable decrease, with the total expenses reducing to ₹1,755.09 lakhs, down 37.48% YoY from ₹2,806.84 lakhs in the same period last year. However, despite tighter cost controls, Prakash Steelage's net profit after tax for the quarter was ₹8.50 lakhs, a sharp fall of 99.60% compared to ₹2,102.32 lakhs in Q1 FY2023-2024.

This decline was partly due to lower revenue and the impact of prior period adjustments. The earnings per share (EPS) for the quarter were almost flat at ₹0.00, reflecting the challenging environment faced by the company during this period.

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Prakash Steelage Q1 Results 2024-2025

Prakash Steelage has released its Q1 results for the financial year 2024-2025, highlighting a notable decline in both revenue and profit compared to the previous year. The company experienced significant challenges, with a sharp reduction in overall income and net profit. Below is a summary of the key financial figures for Q1 FY2024-2025:

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Prakash Steelage Current Market Overview

Prakash Steelage is currently trading at ₹9.19 per share, reflecting a decrease of 2.03%. The company has a market capitalization of ₹161 crore. Over the past year, the stock has seen a high of ₹16.6 and a low of ₹4.90. The stock's price-to-earnings (P/E) ratio stands at 62.8, indicating a high valuation relative to its earnings.

The book value of the stock is ₹0.44, and it offers no dividend yield. Despite its challenges, Prakash Steelage remains a significant player in the steel industry, though its financial metrics suggest a cautious outlook.

Q1 Results

Here are Prakash Steelage's quarterly results for the most recent quarters, providing insights into their financial performance over the last three periods:

About Prakash Steelage

Prakash Steelage is a prominent company specializing in stainless steel solutions, offering a wide range of products like pipes and tubes. Known for its commitment to quality and innovation, the company serves industries around the world with precision-engineered steel products.

Prakash Steelage takes pride in its advanced manufacturing processes and focuses on customer satisfaction while also engaging in responsible practices that benefit the environment and communities. Its dedication to excellence and continuous improvement has established it as a leader in the global steel industry.

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