Scan Steels consolidated net profit rises 386.38% in the March 2024 quarter

Sales decline 6.46% to Rs 256.98 crore

Net profit of Scan Steels rose 386.38% to Rs 11.43 crore in the quarter ended March 2024 as against Rs 2.35 crore during the previous quarter ended March 2023. Sales declined 6.46% to Rs 256.98 crore in the quarter ended March 2024 as against Rs 274.72 crore during the previous quarter ended March 2023.

For the full year,net profit rose 37.40% to Rs 21.05 crore in the year ended March 2024 as against Rs 15.32 crore during the previous year ended March 2023. Sales declined 11.49% to Rs 965.41 crore in the year ended March 2024 as against Rs 1090.78 crore during the previous year ended March 2023.

ParticularsQuarter EndedYear EndedMar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var.Sales256.98274.72 -6 965.411090.78 -11 OPM %6.305.77 -4.924.46 - PBDT18.287.28 151 42.8835.29 22 PBT14.423.76 284 27.4822.00 25 NP11.432.35 386 21.0515.32 37

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