India’s one of the steel castings company, Steelcast Limited has reported a net profit of Rs 4.96 crore for the third quarter ended December 31, 2011 which represents a whopping jump of 504.88% over Rs 0.82 crore PAT posted in the similar quarter in previous financial year.
The company’s net sales in current Q3 was recorded at Rs. 64.65 crore, which was higher by 87.22% over previous fiscal’s similar period net sales of Rs. 34.53 crore.
For the nine months ended December 31, 2011 Steelcast’s Profit after tax (PAT) stood at Rs 10.35 crore, a 301.16% increase over the similar period of previous fiscal. Net sales too were higher by 76.97% at Rs 165.27 crore in current fiscal’s nine months as against Rs. 93.39 crore in previous year’s similar period.
Commenting on the financial performance, Chetan Tamboli, Chairman & MD of Steelcast said, “Our sales and profits have continued to post strong growth due to high demand in all the user industries. Company’s domestic and export sales have grown significantly, with global market sales accounting for around 45% of turnover. A significant expansion project is close to completion and major orders from foreign and Indian firms have been flowing in. We will continue to grow at a fast pace in the coming few quarters too.”
Financial Highlights (Rs Crore):
|
Particulars |
Q3 31 Dec 2011 |
Q3 31 Dec 2010 |
Growth (%) |
9 mths 31 Dec 2011 |
9 mths 31 Dec 2010 |
Growth (%) |
| Net Sales |
64.65 |
34.53 |
87.22 |
165.27 |
93.39 |
76.97 |
| EBITDA |
13.01 |
3.62 |
259.39 |
29.82 |
10.50 |
184.00 |
| Net Profit |
4.96 |
0.82 |
504.88 |
10.35 |
2.58 |
301.16 |
| EPS |
12.52 |
2.18 |
474.31 |
26.13 |
6.83 |
282.58 |
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