Steelcast's revenue grows by a whopping 104% yoy for Q3FY22 to Rs79cr

3 Feb 2022 , 09:29 AM

Steelcast Ltd. announced its unaudited quarterly results for the period ending December 2021 on Thursday and put a robust performance on the table. Steelcast is a leading manufacturing company dealing in Steel & Alloy Steel Castings from India.

Company’s operating revenue for the December 2021 quarter was Rs 79 crore as against Rs 43.8 crore for the previous corresponding quarter, reflecting a growth of 80.6% YoY. Its revenue for the 9M period ending December 2021 was Rs 209 crore as against Rs 102.30 crore, reflecting a growth of 104% YoY.

EBITDA stood at Rs 16.7 crore for Q3 FY’22 as against Rs 9.30 crore for Q3 FY’21, registering a growth of 79% YoY. The company’s EBITDA for the 9M period ending December 2021 stood at Rs 46.1 crore against Rs 20.5 crore for the previous corresponding 9M period, registering a growth of 125% YoY.

EBITDA margin was reported at 21.10% for the quarter ended December 2021 against 21.3% for the previous corresponding quarter.
Company’s PAT stood at Rs 8.5 crore for Q3 FY’22 as against Rs 3.8 crore for Q3 FY’21, growing 125.8% YoY. While PAT for the 9M period ended December 2021 stood at Rs 23.60 crore against Rs 7.6 crore for the previous corresponding quarter, up by 211% YoY.

Steelcast opened at Rs 308 per piece today against the previous closing price of Rs 310.40 per piece, and at around 9.34 am was trading at Rs 312.70 per piece, up by Rs 2.30 or 0.74% since its previous closing.