Manaksia Steels consolidated net profit declines 27.49% in the March 2024 quarter

Sales decline 30.90% to Rs 162.91 crore

Net profit of Manaksia Steels declined 27.49% to Rs 4.51 crore in the quarter ended March 2024 as against Rs 6.22 crore during the previous quarter ended March 2023. Sales declined 30.90% to Rs 162.91 crore in the quarter ended March 2024 as against Rs 235.75 crore during the previous quarter ended March 2023.

For the full year,net profit rose 132.81% to Rs 28.38 crore in the year ended March 2024 as against Rs 12.19 crore during the previous year ended March 2023. Sales declined 8.26% to Rs 681.07 crore in the year ended March 2024 as against Rs 742.38 crore during the previous year ended March 2023.

ParticularsQuarter EndedYear EndedMar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var.Sales162.91235.75 -31 681.07742.38 -8 OPM %4.914.76 -5.503.24 - PBDT8.3410.92 -24 44.8527.39 64 PBT7.008.50 -18 37.8917.11 121 NP4.516.22 -27 28.3812.19 133

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