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Manaksia Steels Ltd Q1FY24; 900% rise in Profits

Manaksia Steels Limited, a part of Manaksia group, is engaged in the manufacturing of value-added secondary steel products like Cold Rolled Sheets, Galvanised Corrugated Sheets, Galvanised Plain Sheets, Colour Coated (Pre-painted) Sheets, etc.

Financial Results:

Manaksia Steels Ltd reported Revenues for Q1FY24 of ₹218.00 Crores up from ₹194.00 Crore year on year, a rise of 12.37%.

Total Expenses for Q1FY24 of ₹208.00 Crores up from ₹193.00 Crores year on year, a rise of 7.77%.

Consolidated Net Profit of ₹10.00 Crores up 900.0% from ₹1.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.55, up 1,450.00% from ₹0.10 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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