Kolkata, January 30, 2025 – Bengal Steel Industries Limited, a Kolkata-based company, has released its standalone and consolidated unaudited financial results for the quarter and nine months ended December 31, 2024. The results were approved by the Board of Directors on January 30, 2025.
Standalone Financial Highlights (₹ in Lakhs)
| Particulars | Q3 FY24(31.12.2024) | Q2 FY24(30.09.2024) | Q3 FY23(31.12.2023) | 9M FY24 | 9M FY23 | FY23 (Audited) |
|---|
| Revenue from Operations | 15.00 | 15.00 | 12.00 | 42.00 | 36.00 | 48.00 |
| Other Income | 4.49 | 0.05 | - | 4.54 | - | - |
| Total Revenue | 19.49 | 15.05 | 12.00 | 46.54 | 36.00 | 48.00 |
| Employee Benefits Expense | 2.16 | 2.73 | 2.65 | 6.82 | 5.95 | 8.45 |
| Depreciation & Amortization | 0.23 | 0.24 | 0.25 | 0.70 | 0.74 | 0.98 |
| Other Expenses | 3.74 | 2.97 | 4.81 | 25.46 | 22.53 | 29.34 |
| Total Expenses | 6.13 | 5.94 | 7.71 | 32.98 | 29.22 | 38.78 |
| Profit Before Tax | 13.36 | 9.11 | 4.29 | 13.56 | 6.78 | 9.22 |
| Tax Expense | 2.07 | 0.05 | 0.68 | 2.12 | 1.08 | 1.44 |
| Net Profit After Tax | 11.29 | 9.06 | 3.61 | 11.44 | 5.70 | 7.78 |
| EPS (₹ per share) | 0.23 | 0.18 | 0.07 | 0.23 | 0.12 | 0.16 |
The company reported a 62.8% YoY increase in net profit to ₹11.29 lakhs for Q3 FY24, up from ₹3.61 lakhs in Q3 FY23. Revenue grew 62.4% YoY to ₹19.49 lakhs, aided by higher other income.
Consolidated Financial Highlights (₹ in Lakhs)
| Particulars | Q3 FY24(31.12.2024) | Q2 FY24(30.09.2024) | Q3 FY23(31.12.2023) | 9M FY24 | 9M FY23 | FY23 (Audited) |
|---|
| Revenue from Operations | 15.00 | 15.00 | 12.00 | 42.00 | 36.00 | 48.00 |
| Other Income | 4.49 | 0.05 | - | 4.54 | - | - |
| Total Revenue | 19.49 | 15.05 | 12.00 | 46.54 | 36.00 | 48.00 |
| Employee Benefits Expense | 2.16 | 2.73 | 2.65 | 6.82 | 5.95 | 8.45 |
| Depreciation & Amortization | 0.24 | 0.24 | 0.25 | 0.71 | 0.74 | 0.98 |
| Other Expenses | 3.81 | 3.01 | 4.83 | 25.80 | 22.83 | 29.66 |
| Total Expenses | 6.22 | 5.98 | 7.73 | 33.33 | 29.52 | 39.08 |
| Profit Before Tax | 13.27 | 9.07 | 4.27 | 13.21 | 6.48 | 8.92 |
| Tax Expense | 2.07 | 0.05 | 0.68 | 2.12 | 1.08 | 1.44 |
| Net Profit After Tax | 11.20 | 9.02 | 3.59 | 11.09 | 5.40 | 7.48 |
| EPS (₹ per share) | 0.23 | 0.18 | 0.07 | 0.23 | 0.11 | 0.15 |
The consolidated results, which include subsidiary
Tamil Nadu Alkaline Batteries Limited, showed a
YoY profit increase of 67.2%, reaching ₹11.20 lakhs compared to ₹3.59 lakhs in Q3 FY23.
Key Takeaways
- Strong YoY Growth – Bengal Steel reported over 60% increase in net profits for both standalone and consolidated statements.
- Revenue Growth – Total revenue surged due to higher other income (₹4.49 lakhs in Q3 FY24 vs. ₹0.05 lakhs in Q2 FY24).
- Stable Expenses – Operating expenses remained largely unchanged QoQ, supporting the profit surge.
- Subsidiary Performance – Tamil Nadu Alkaline Batteries Ltd. contributed insignificant revenue, posting a minor loss of ₹0.09 lakhs for Q3 FY24.
Auditor’s Review
The company's financials have undergone
limited review by S. Ghose & Co. LLP, which
did not identify material misstatements. However, the review
does not constitute a full audit.
Conclusion
Bengal Steel Industries Ltd. posted
impressive earnings growth for Q3 FY24, driven by revenue expansion and controlled costs. With strong performance across standalone and consolidated metrics, the company is
well-positioned for sustained profitability in the coming quarters.