Metals company Manaksia Limited has reported a consolidated net profit of Rs 38.1 crore in the January-March quarter primarily on account of upper revenue, displaying a rise of round 18 % from the final quarter. The company clocked a net profit of Rs 31.8 crore in the quarter ended December 31, 2022.
Manaksia is the flagship company of the Manaksia Group. The Kolkata-based company’s shares on Friday closed marginally down at Rs 147 (BSE) and have given 93 returns over the past 6 months.Â
On a yearly foundation, Manaksia stated in a regulatory submitting that the consolidated net profit in the financial year 2022-23 was recorded at Rs 107 crore.
The company’s consolidated income from operations jumped to Rs 305.7 crore in the quarter from Rs 289.4 crore in the interval ended December 31, 2022, the submitting confirmed. For full reporting financial year, the income from operations was Rs 1,174 crore.
Its consolidated complete revenue in the quarter ended March 31, 2023 was at Rs 330 crore, up from Rs 313 in the December quarter. Earnings earlier than curiosity, taxes, depreciation and amortization (EBITDA) was recorded at Rs 63.81 crore. Its earnings per share (EPS) decreased to Rs 5.74 in the quarter, the submitting confirmed,.
The company has a net asset of Rs 1,393.3 crore as on March 31, 2023, based on the submitting. It has a market valuation of Rs 973.18 crore, based on data obtainable on BSE web site.
According to the shareholding sample obtainable on BSE, promoters maintain a majority stake of 74.93 % whereas the remaining 25.07 % is owned by the general public. The company is concerned in the manufacturing of galvanized metal, metallic color-coated sheets & coils and aluminum alloy ingots for the automotive sector.
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