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Mahamaya Steel Industries Ltd Q1FY24; 46% rise in Profits

Mahamaya Steel Industries Limited, incorporated in May 1988, is the flagship company of the Raipur-based Mahamaya Group. The company produces heavy and light steel structural products such as beams, channels and girders, which are primarily used for heavy construction.

Financial Results:

Mahamaya Steel Industries Ltd reported Revenues for Q1FY24 of ₹220.20 Crores up from ₹144.79 Crore year on year, a rise of 52.08%.

Total Expenses for Q1FY24 of ₹218.92 Crores up from ₹143.22 Crores year on year, a rise of 52.86%.

Consolidated Net Profit of ₹1.66 Crores up 45.61% from ₹1.14 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.01, up 46.38% from ₹0.69 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: Steel
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