Earnings before interest, tax, depreciation and amortisation (EBITDA) stood at ₹301.6 crore, reflecting a year-on-year decline of 2% but an increase of 8% compared to the March quarter. EBITDA per tonne was at ₹4,183, showing a year-on-year decline of 10% but a percentage increase over the March quarter.
The company’s revenue stood at Rs 4,974 crore, up 9.4% year-on-year and 8% higher compared to the March quarter. During the three-month period, the company’s margins were 6%, down from 6.7% a year ago.
On Friday, August 9, the stock closed at ₹1,425, down 0.72%. The stock has gained 5.62% over the past six months and has gained over 6% so far in 2024.
The structural steel tube company previously reported record sales volume for the first quarter of the financial year. The company recorded its highest ever sales volume of 721,064 tonnes in the June quarter (Q1 FY25), surpassing the figures of 661,501 tonnes in the first quarter of FY24 and 678,556 tonnes in the fourth quarter of FY24.
The value-added segment’s contribution increased 60%, marking an increase from 57% in Q1FY24, and demonstrates the company’s commitment to its decommoditization strategy, the company told the exchanges in a filing.
Disclaimer:
The information contained in this post is for general information purposes only. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.
We respect the intellectual property rights of content creators. If you are the owner of any material featured on our website and have concerns about its use, please contact us. We are committed to addressing any copyright issues promptly and will remove any material within 2 days of receiving a request from the rightful owner.