Prakash Steelage Reports Profitable Q1 with Rs. 1,768.51 Lakh Revenue
Prakash Steelage, a stainless steel pipes and tubes manufacturer, announced Q1 financial results. The company reported total income of Rs. 1,768.51 lakhs, with revenue from operations at Rs. 1,676.98 lakhs. Net profit after tax stood at Rs. 38.06 lakhs, with earnings per share at Rs. 0.02. Total expenses were Rs. 1,621.41 lakhs, resulting in a profit before tax of Rs. 48.06 lakhs. The results were approved by the board after review by the Audit Committee and limited review by Pipara & Co LLP.
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Prakash Steelage , a manufacturer of stainless steel pipes and tubes, has announced its financial results for the first quarter. The company's board of directors approved the un-audited financial results at a meeting held on August 11.
Financial Highlights
- Revenue: Prakash Steelage reported a total income of Rs. 1,768.51 lakhs for Q1. This includes revenue from operations of Rs. 1,676.98 lakhs and other income of Rs. 91.53 lakhs.
- Profitability: The company achieved a net profit after tax of Rs. 38.06 lakhs for the quarter.
- Earnings Per Share: Basic and diluted earnings per share stood at Rs. 0.02.
- Expenses: Total expenses for the quarter were Rs. 1,621.41 lakhs.
- Profit Before Tax: The company recorded a profit before tax of Rs. 48.06 lakhs.
Key Financial Metrics
| Particulars | Amount (Rs. in Lakhs) |
|---|---|
| Revenue from Operations | 1,676.98 |
| Other Income | 91.53 |
| Total Income | 1,768.51 |
| Total Expenses | 1,621.41 |
| Profit Before Tax | 48.06 |
| Net Profit After Tax | 38.06 |
| Earnings Per Share (Rs.) | 0.02 |
Corporate Information
Prakash Steelage maintains a paid-up equity share capital of Rs. 1,750.00 lakhs, with shares having a face value of Re. 1 per share. The company is listed on both the BSE (Scrip Code: 533239) and the National Stock Exchange of India (Symbol: PRAKASHSTL).
Audit and Approval Process
The financial results for the quarter were reviewed by the Audit Committee and subsequently approved by the Board of Directors at their meeting. Pipara & Co LLP, Chartered Accountants, conducted a limited review of the financial results as per the requirements of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Management Commentary
While specific management comments were not provided in the available data, the positive financial results suggest that Prakash Steelage has maintained operational efficiency and profitability in the first quarter.
Investors and stakeholders may find these results encouraging, particularly in light of the company's ability to generate profit in the current economic environment. However, it's important to note that these are quarterly results and may not necessarily indicate long-term trends or performance.
For more detailed information, stakeholders are advised to refer to the full financial statements and disclosures made by the company to the stock exchanges.
Historical Stock Returns for Prakash Steelage
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.21% | -2.61% | -7.95% | -27.68% | -39.02% | +594.29% |
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