Iron & Steel/Intermediate Products company Prakash Industries announced Q1FY24 results: During Q1FY24, the company achieved net sales of Rs 1,013 crore, up 13% YoY over Q1FY23. EBITDA of Rs 148 crore, reflecting growth of 44% YoY over Q1FY23. Profit after tax for Q1FY24 also grew by 107% on a YoY basis to Rs 89 crore. EBITDA for Q1FY24 includes a profit of Rs 24 crore from the sale of some assets. During Q1FY24, the company achieved sales volume growth of 32% over Q1FY23. The operating margin also improved from 11.2% to 11.6% (YoY) owing to lower raw material costs and operational efficiencies. Result PDF
Iron and Steel products company Prakash Industries announced Q4FY23 & FY23 results: Q4FY23: Net Sales of Rs 1,011 crore EBITDA of Rs 112 crore. Profit after Tax of Rs 58 crores earned during the quarter registered growth of 10% over Q4FY22 FY23: Net Sales of Rs 3,444 crore EBITDA of Rs 425 crore Profit after Tax of Rs 190 crore earned during the year registered growth of 6% and 13% respectively over FY22 Result PDF
Iron & steel product firm Prakash Industries announced Q3FY23 results: Q3FY23: The company has achieved net sales of Rs 761 crore. The company achieved EBITDA of Rs 104 crore and Profit after Tax of Rs 45 crore during the quarter registering a growth of 16% and 41% respectively over the corresponding quarter of the last financial year. 9MFY23: The company has achieved net sales of Rs 2,433 crore. The company achieved EBITDA of Rs 313 crore and Profit after Tax of Rs 133 crore during the period registering a growth of 8% and 14% respectively over the corresponding period of the last financial year. Result PDF