Last Updated: 5/21/2025 11:39:00 PM
Steelcast Ltd one of India’s leading steel castings manufacturers has reported a 36% jump in net profit to INR 4 crore for the first quarter of fiscal 2013-14 ended June 30th 2013 as against INR 2.95 crore in the previous year’s Q1. Total income for the current Q1 at INR 58.33 crore against previous fiscal’s Q1 turnover of INR 63.90 crore. The earnings per share for the current Q1 stands at INR 2.24 as against an EPS of INR 1.78 in previous year’s Q1. At the company’s annual general meeting held on 16th July, 2013, the shareholders have approved a final dividend of 36% (INR 1.80 per share). Commenting on the financial performance of the company, Mr Chetan Tamboli CMD of Steelcast Ltd said that “Our profits have been growing in double digit since last few quarters and this quarter is no exception. The capex of the Mining Industry has been either reduced or differed due to which order book of mining equipment manufacturers may be lower in F.Y. 2013-14 compared to F.Y. 2012-13. This may also result in lower order book from mining equipment manufacturers to our Company in F.Y.2013-14.” Source - Strategic Research Institute
