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Suraj Products Ltd Q1FY24; 33% rise in Profits

Suraj Products Limited is engaged in production of Sponge Iron by direct reduction of Iron Ore, Pig Iron, Ingots/Billet, TMT Bars & Generation of Power.

Financial Results:

Suraj Products Ltd reported Revenues for Q1FY24 of ₹111.21 Crores up from ₹74.95 Crore year on year, a rise of 48.38%.

Total Expenses for Q1FY24 of ₹99.97 Crores up from ₹67.46 Crores year on year, a rise of 48.19%.

Consolidated Net Profit of ₹8.39 Crores up 33.39% from ₹6.29 Crores in the same quarter of the previous year.

The Earnings per Share is ₹7.36, up 33.33% from ₹5.52 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.

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