Steelcast Q1 Results Net Sales of ₹7,765.67 Lakhs and Profit After Tax of ₹1,292.98 Lakhs

Steelcast Q1 Results 2024-2025: Steelcast announced their Q1 results for the financial year 2024-2025 on August 8, 2024, showing a significant drop in revenue. The company reported a net sales income of ₹7,765.67 lakhs, which is a decrease of 21.01% compared to the previous quarter's ₹9,840.10 lakhs.

This decline highlights a challenging start to the fiscal year, with a notable year-over-year (YoY) reduction in income and overall performance. In terms of profit, Steelcast experienced a decrease in their profit before tax by 30.2% QoQ, falling from ₹2,510.74 lakhs in the previous quarter to ₹1,753.07 lakhs this quarter.

The company’s profit after tax also saw a YoY drop of 30.97%, from ₹1,870.79 lakhs to ₹1,292.98 lakhs. Despite these figures, Steelcast declared an interim dividend of ₹1.35 per equity share, which will be distributed on or before September 7, 2024.

These results underscore the company's efforts to maintain stability amid fluctuating financial conditions.

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Steelcast Q1 Results 2024 - 2025

Steelcast has released its financial results for the first quarter of the fiscal year 2024-2025. The figures reveal a decrease in both revenue and profit compared to the previous quarter. Below is a summary of the key financial metrics:

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Steelcast Q1 Results Current Market Overview

Steelcast recently reported its Q1 results for 2024-2025, showing a decline in both revenue and profit compared to the previous quarter. The company’s net sales fell by 21.01% QoQ, and its profit before tax decreased by 30.2% QoQ.

Despite these results, Steelcast continues to be a notable player in the market, with its stock currently priced at ₹754. The company maintains a strong market capitalization of ₹1,525 crore and impressive financial ratios, including a high Return on Capital Employed (ROCE) of 40.0% and a Return on Equity (ROE) of 30.8%.

Quarterly Results

Here’s a summary of Steelcast's quarterly results for the most recent periods:

About Steelcast 

Steelcast is a prominent manufacturer of steel and alloy steel castings based in Bhavnagar, India. Established in 1972 as Steel Cast Bhavnagar Pvt. Ltd., the company changed its name to Steelcast in 1988. It serves a diverse range of industries, including earthmoving, mining, steel plants, cement, power generation, and more.

Steelcast is known for its high-quality castings used in various sectors like valves, pumps, and shipping. As a key player in the industry, the company is part of the Tamboli family’s business group and continues to be a significant supplier for many original equipment manufacturers (OEMs).

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