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Maithan Alloys Ltd Q1FY24; 73% fall in Profits

Maithan Alloys is engaged in the business of manufacturing and exporting of all three bulk Ferro alloys- Ferro Manganese, Silico Manganese and Ferro Silicon. It is also engaged in the generation and supply of Wind Power and has a Captive Power Plant.(Source : 201903 Annual Report Page No: 88)

Financial Results:

Maithan Alloys Ltd reported Revenues for Q1FY24 of ₹404.00 Crores down from ₹975.00 Crore year on year, a fall of 58.56%.

Total Expenses for Q1FY24 of ₹368.00 Crores down from ₹636.00 Crores year on year, a fall of 42.14%.

Consolidated Net Profit of ₹60.00 Crores down 72.6% from ₹219.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹20.47, down 72.78% from ₹75.21 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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