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Electrosteel Castings Ltd Q1FY24; 21% fall in Profits

Electrosteel Castings is engaged in the business of manufacturing Ductile Iron (DI) Pipes, Ductile Iron Fittings (DIF), Cast Iron (CI) Pipes and produces and supplies Pig Iron.

Financial Results:

Electrosteel Castings Ltd reported Revenues for Q1FY24 of ₹1,685.00 Crores down from ₹1,767.00 Crore year on year, a fall of 4.64%.

Total Expenses for Q1FY24 of ₹1,612.00 Crores down from ₹1,656.00 Crores year on year, a fall of 2.66%.

Consolidated Net Profit of ₹75.00 Crores down 21.05% from ₹95.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.26, down 21.25% from ₹1.60 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Metals
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