Sharda Ispat Q1 Results, Net Profit of ₹296.42 Lakhs and Total Income of ₹4,835.60 Lakhs

Sharda Ispat Q1 Results: Sharda Ispat announced their Q1 results for the 2024-2025 fiscal year on August 13, 2024. For this quarter, the company reported a revenue of ₹4,775.82 lakhs, marking a decrease of 9.32% compared to the previous quarter's revenue of ₹5,265.95 lakhs.

This decline in revenue, when compared on a quarter-over-quarter (QoQ) basis, reflects a challenging period for the company. However, the total income for Q1 was ₹4,835.60 lakhs, a decrease of 9.25% QoQ from ₹5,327.36 lakhs in the last quarter.

In terms of profitability, Sharda Ispat experienced an 18.29% drop in net profit, reporting ₹296.42 lakhs for Q1 2024-2025 compared to ₹418.49 lakhs in the previous quarter. This decline in net profit QoQ underscores the impact of increased costs and other financial challenges.

Despite these figures, the company's earnings per share (EPS) were ₹5.84, down from ₹8.24 in the last quarter, showing a notable reduction. Overall, the Q1 results highlight the need for the company to address the current financial pressures and improve its performance in the coming quarters.

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Sharda Ispat Q1 Results 2024 - 2025

Here’s a summary of Sharda Ispat's Q1 results for the 2024-2025 fiscal year:

The company’s financial performance for the quarter ending June 30, 2024, showed some changes compared to the previous quarter. Below is a table highlighting the key figures from the results:

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Sharda Ispat Current Market Overview

Sharda Ispat’s current market overview shows that its stock is trading at ₹409, up by 1.74%. The company is listed on the Bombay Stock Exchange with the code 513548 and has a market cap of ₹208 crore. The stock has seen highs of ₹752 and lows of ₹125 in recent times.

It has a price-to-earnings ratio of 14.2 and a book value of ₹102. Despite not paying dividends, Sharda Ispat has strong financial indicators with a return on capital employed (ROCE) of 31.0% and a return on equity (ROE) of 31.3%.

Quarterly Results

Here is a summary of Sharda Ispat's quarterly results for the last three quarters:

The following table presents the key financial figures for Sharda Ispat for December 2023, March 2024, and June 2024. This includes sales, expenses, operating profit, and other relevant metrics.

About Sharda Ispat 

Sharda Ispat is an Indian company established in 1960, known for manufacturing and selling alloy steel products. The company produces a range of steel items, including alloy, carbon, and spring steel rolled products, which are mainly used in the automobile industry.

Sharda Ispat supplies these products to major automobile manufacturers and industries involved in forging and producing bright bars. Originally founded as Sharda Industries & Engineering Works Pvt. Ltd., it became a public company in 1985 and adopted its current name in 1989.

With its first unit located in Nagpur, India, the company has a strong presence in the steel industry and continues to serve well-known clients like TATA Motors and Mahindra & Mahindra.

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