Shree Precoated Steels Q1 Results ₹13 Crore Loss ₹569 Crore Net Worth

In the first quarter of 2024, Shree Precoated Steels reported a challenging financial performance. The company’s net income from operations was not specified, indicating a possible lack of revenue or detailed reporting for this period. The total expenses for the quarter were ₹13 crore, compared to ₹17 crore in the previous quarter and ₹13 crore in the same period last year. This slight decrease in expenses could suggest some cost-saving measures.

Shree Precoated Steels faced a loss of ₹13 crore before exceptional items, which is the same as the loss reported in the previous quarter and the same period last year. The loss due to exceptional items was also ₹13 crore, matching the previous figures. This consistent loss indicates ongoing financial difficulties.

The total comprehensive income, which includes other comprehensive income, was also a loss of ₹13 crore for the current quarter, reflecting similar results as in the past periods. The company's equity share capital remained stable at ₹414 crore, but the net worth showed a decline to ₹569 crore from ₹155 crore in the previous period, signaling potential financial strain. Earnings per share (EPS) were reported as a loss of ₹0.31, the same as the previous quarter and year.

Source: Here

Shree Precoated Steels Q1 Results 2024-2025

In the first quarter of 2024-2025, Shree Precoated Steels faced financial difficulties. The total expenses for the quarter were ₹13 crore, the same as the previous year but lower than the last quarter. The company reported a loss of ₹13 crore before accounting for exceptional items, which matches the loss from earlier periods. The same amount was lost due to exceptional items. The total comprehensive loss was also ₹13 crore. The company's equity share capital remained at ₹414 crore, but their net worth dropped to ₹569 crore. Earnings per share were a loss of ₹0.31.

Here is the first quarter of 2024-2025, Shree Precoated Steels showed a continued loss:

Quarterly Results

 The company had no sales in any of these periods. Expenses were 0.15 crores in Dec 2023, 0.17 crores in Mar 2024, and 0.13 crores in Jun 2024. This led to an operating loss of 0.15 crores in Dec 2023, 0.17 crores in Mar 2024, and 0.13 crores in Jun 2024. There is no information provided for other income, interest, or depreciation. 

The table shows financial data for three quarters: Dec 2023, Mar 2024, and Jun 2024. Here’s a simple explanation:

About Shree Precoated Steels

Shree Precoated Steels was originally established as a Private Limited Company on September 17, 2007. Later, it became a Public Limited Company, and its shares were listed on the stock exchange on October 15, 2009. The Shree Precoated Steels is based in Mumbai and has around 48,000 shareholders.

In March 2009, a major change occurred when the High Court ordered the demerger of the company’s steel business. This steel business was transferred to Essar Steels Limited, a separate company. This decision allowed Shree Precoated Steels to focus on new opportunities.

Today, Shree Precoated Steels is shifting its focus from steel to real estate. The company is now involved in trading development rights and exploring real estate development and redevelopment projects.