Scan Steels Q3 FY24 Results Live: Profit Rises by 53.25% YoY
Scan Steels Q3 FY24 Results Live: Revenue Decreased by 26.59% YoY & Profit Increased by 53.25% YoY
Scan Steels, a leading steel company, has announced its Q3 FY24 results on 30th Jan, 2024. The company witnessed a decrease in its topline by 26.59% compared to the same quarter last year. However, the profit increased by an impressive 53.25% YoY.
In comparison to the previous quarter, the revenue declined by 16.17% and the profit decreased by 52.89%.
The Selling, general & administrative expenses showed an increase of 3.73% q-o-q and a 4.32% increase YoY.
The operating income experienced a decline of 29.99% q-o-q but saw a significant increase of 395.67% YoY.
The EPS (Earnings Per Share) for Q3 FY24 is ₹0.3, which reflects a 50% YoY increase.
Scan Steels has been performing well in the market, delivering a return of 3.89% in the last 1 week, 90.17% in the last 6 months, and 18.28% Year-to-Date (YTD).
As of now, the market capitalization of Scan Steels stands at ₹370.86 Cr with a 52-week high/low of ₹81 and ₹27.5 respectively.
Scan Steels Financials
| Period | Q3 FY24 | Q2 FY24 | Q-o-Q Growth | Q3 FY23 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 219.48 | 261.81 | -16.17% | 298.96 | -26.59% |
| Selling/ General/ Admin Expenses Total | 7.42 | 7.15 | +3.73% | 7.11 | +4.32% |
| Depreciation/ Amortization | 3.85 | 3.85 | +0.07% | 3.21 | +19.91% |
| Total Operating Expense | 214.69 | 254.98 | -15.8% | 297.99 | -27.95% |
| Operating Income | 4.78 | 6.83 | -29.99% | 0.96 | +395.67% |
| Net Income Before Taxes | 2.19 | 4.9 | -55.39% | 1.4 | +56.42% |
| Net Income | 1.57 | 3.34 | -52.89% | 1.03 | +53.25% |
| Diluted Normalized EPS | 0.3 | 0.64 | -53.12% | 0.2 | +50% |
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