Bhavnagar, India – January 28, 2025: Steelcast Limited (NSE: STEELCAS, BSE: 513517) has announced its unaudited financial results for Q3 FY2024-25, reporting ₹101.81 crores in Revenue, ₹19.20 crore in net profit, and declaring a third interim dividend of ₹1.80 per share.
Key Financial Highlights – Q3 FY2024-25 (Standalone)
- Revenue from Operations: ₹101.81 crores (YoY increase of 12.7% from ₹90.31 crores)
- Total Income: ₹102.69 crore
- Profit Before Tax (PBT): ₹25.81 crores (YoY increase of 10.3% from ₹23.39 crore)
- Net Profit (PAT): ₹19.20 crore (YoY increase of 10.2% from ₹17.42 crore)
- Earnings Per Share (EPS): ₹9.49 per share.
Nine-Month Performance (April – December 2024) (Standalone)
- Total Revenue: ₹258.66 crore (YoY decrease of 17.5% from ₹313.30 crores)
- Profit Before Tax (PBT): ₹61.24 crore
- Net Profit (PAT): ₹45.43 crore
- Earnings Per Share (EPS): ₹22.45 per share.
Dividend Announcement
- Interim Dividend Declared: ₹1.80 per share (36% of face value ₹5 per share)
- Record Date: February 7, 2025
- Dividend Payment Date: On or before February 27, 2025.
Strategic Developments & Key Announcements
- Operational Efficiency & Cost Control:
- Inventory management improvement, reducing finished goods stock.
- The cost of materials consumed decreased, improving margins.
- Power, fuel, and manufacturing expenses optimized.
- Debt & Financial Stability:
- Finance costs significantly reduced YoY, improving net profitability.
- No exceptional items or impairments impacting financials.
- Regulatory Compliance & Corporate Governance:
- Certified by the MD & CFO for accuracy and transparency in financial statements.
- A limited review was conducted by SSM & Co., Chartered Accountants, confirming no material misstatements.
Management Commentary
Chetan M. Tamboli, Chairman & Managing Director, Steelcast Limited, stated:"Our strong Q3 results highlight continued operational efficiencies and a focus on cost optimization. We are committed to enhancing shareholder value through steady profitability and dividend payouts.".
Market Outlook & Investor Takeaways
- Strong financial performance with improved profitability and cost management.
- A stable dividend policy underscores financial health and investor confidence.
- Strategic efficiency improvements positioning the company for sustained growth.
