The shares of steel stock, specialized in the manufacturing of steel products, jumped 12 percent in the day’s trade upon declaring Q3 results with a 7,452 percent rise Year on Year (YoY)
Price action
With a market capitalization of Rs. 1,492.31 crores on Monday, the shares of Steel Exchange India Limited (SEIL) Limited are up by 12 percent making a high of Rs. 11.42 per share compared to its previous closing price of Rs. 10.25 per share.
What Happened
Steel Exchange India Limited (SEIL) Limited specializing in the manufacturing of steel products, has announced its Q3FY25 results
Its Total income grew by 27.24 percent YoY from Rs. 257.61 Crores in Q3FY24 to Rs. 327.78 Crores in Q3FY25 and it grew by 25 percent QoQ from Rs. 261.31 Crores in Q2FY25 to Rs. 327.78 Crores in Q3FY25.
Its Net Profit rose 7,452 percent YoY from Rs. 0.21 Crores in Q3FY24 to Rs. 15.86 Crores in Q3FY25 and it rose by 666 percent QoQ from Rs. 2.07 Crores in Q2FY25 to Rs. 15.86 Crores in Q3FY25.
The earnings per share (EPS) for the quarter stood at Rs. 0.13, compared to Rs. 0.0.02 in the previous quarter.
About the Company
Steel Exchange India Limited (SEIL) Limited is the flagship company of the Vizag Profiles Group, engaged in the manufacturing of steel products and allied activities at its Integrated Steel Plant. The ISP has a 220000 MTPA Sponge Iron Unit, 250000 MTPA Steel melt Shop, 225000 MTPA Rolling Mill, and 60 MW Co-generation Power Plant.
Revenue Segments
The company’s revenue is been driven by two business segments from a total of Rs. 338.8 crores the steel segment revenue consists of Rs. 335.9 crores which is 99.14 percent and from power segment consists of 2.8 crores which is 0.86.
Written by Sridhar J
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